Business Standard

Alibaba files with SEC to offer 65.9 million shares

Image

Reuters

REUTERS - Chinese e-commerce giant Alibaba Group Holding Limited will offer up to about 65.9 million shares worth about $5.06 billion under stock-based compensation plans, the company said in a regulatory filing on Friday. (http://1.usa.gov/1rEifLv)

Alibaba went public on Sept. 19 in an initial public offering that raised about $25 billion, making it the largest IPO in history.

(Reporting by Soham Chatterjee in Bangalore; Editing by Simon Jennings)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 03 2014 | 10:02 PM IST

Explore News