Alibaba Group Holding Ltd.'s initial public offering (IPO) on September 18, 2014, raised US$25.03 billion, the largest in world history. This translates to approximately Rp 325 trillion at an exchange rate of Rp 13,000 per US dollar.
The Chinese technology company offered 368 million American depositary shares (ADS) at a price of US$68 per share. By November 18, 2016, the closing price of Alibaba's shares was US$93 per ADS. According to Bloomberg data, the market capitalization of the company founded by Jack Ma reached US$232.6 billion.
In second place is the American financial company, AIA Group Ltd., with an IPO value of US$24.5 billion. Third place is held by the American automaker, General Motors Inc., with an IPO value of US$18.4 billion. Facebook is ranked fourth.
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