阿里巴巴

Alibaba secures spot as world's biggest ever IPO

Alibaba has now pulled off the world's largest ever initial public offering, after the company exercised an option to issue extra shares, writes the FT's Josh Noble in Hong Kong.

The so-called "greenshoe", or overallotment, allows companies going public to increase the flotation size once trading is under way - usually done to help meet strong demand from investors.

Having seen its shares soar by more than a third on the first day of trading, Alibaba has chosen to press ahead with the sale of additional shares, according to two people familiar with the matter.

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