Yahoo ended up securing $9.5bn in the offering, which broke the record previously held by Agricultural Bank of China.
China-based e-commerce company Alibaba closed its initial public offering yesterday at approximately $25bn after its underwriters took up the option to buy an additional $3.2bn of shares.
Alibaba raised an initial $21.8bn on Friday, selling shares priced at $68 each, but its stock subsequently opened at $92.70. The extra shares have made the IPO the largest in history, exceeding the $22.1bn offering by Agricultural Bank of China in 2010.
Internet company Yahoo, which initially raised $8.3bn through the offering, sold…
