{"id":69439,"date":"2014-09-25T13:00:12","date_gmt":"2014-09-25T11:00:12","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=69439"},"modified":"2014-09-25T12:51:23","modified_gmt":"2014-09-25T10:51:23","slug":"the-worlds-biggest-ipos","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/69439\/the-worlds-biggest-ipos\/","title":{"rendered":"The world’s biggest IPOs"},"content":{"rendered":"

With an initial public offering (IPO) of over $24.7 billion, Alibaba’s debut on the New York Stock Exchange (NYSE) is officially the largest in the world.<\/p>\n

The title has been stolen from the Agricultural Bank of China, whose 2010 IPO of $22.1 billion on the Hong Kong Stock Exchange (HKEx) previously topped the global charts.<\/p>\n

Demand for Alibaba’s stock when it launched on the NYSE on Friday saw the group initially raise $21.8 billion, which was subsequently extended to almost $25 billion – making it not only the largest IPO in the USA, but also the world.<\/p>\n

Looking specifically at the States, the previous number one in the western world was global financial services corporation Visa, which debuted on the NYSE in 2008 with an IPO of $19.7 billion.<\/p>\n

Auditing firm Ernst & Young compiled a list of the world’s largest IPOs by proceeds accrued globally, showing that China accounts for 3 of the top 5 biggest IPOs – with the US only inching in.<\/p>\n

Top 10 biggest global IPOs<\/h3>\n

10. Nippon Telegraph<\/h3>\n

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