--- title: Alibaba Raises Size of IPO to $21.8 Billion description: At $21.76 billion, Alibaba would have the largest U.S. IPO of all-time, plus the largest tech IPO of all-time. canonical: https://time.com/3380388/alibaba-ipo-2/ author: TIME article:opinion: false article:content_tier: free article:published_time: 2014-09-15T21:02:52.000Z article:modified_time: 2026-05-11T05:07:46.032Z article:section: World og:title: Alibaba Raises Size of IPO to $21.8 Billion og:description: At $21.8 billion, Alibaba would have the largest U.S. IPO of all-time, plus the largest tech IPO of all-time. og:url: https://time.com/3380388/alibaba-ipo-2/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltef7dd6f065e31211/6986a369e53abaabe24d46da/alibaba-raises-size-ipo-21-8-billion.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: Alibaba IPO Raised to $21.8 Billion og:type: article twitter:card: summary_large_image twitter:title: Alibaba Raises Size of IPO to $21.8 Billion twitter:description: At $21.8 billion, Alibaba would have the largest U.S. IPO of all-time, plus the largest tech IPO of all-time. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltef7dd6f065e31211/6986a369e53abaabe24d46da/alibaba-raises-size-ipo-21-8-billion.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # Alibaba Raises Size of IPO to $21.8 Billion by [Fortune](/author/fortune/) ## Fortune Sep 15, 2014 9:02 PM CUT  A logo hangs on the wall at the Alibaba.com head office in Hangzhou, China. A logo hangs on the wall at the Alibaba.com head office in Hangzhou, China.Bloomberg via Getty Images by [Fortune](/author/fortune/) ## Fortune Sep 15, 2014 9:02 PM CUT  This post is in partnership with Fortune, which offers the latest business and finance news. Read the article below originally published at [Fortune.com](http://fortune.com/2014/09/15/alibabas-ipo-gets-even-bigger-but-still-not-on-track-to-be-the-biggest/ "undefined"). _By Dan Primack_ Chinese Internet giant Alibaba Group today increased the proposed price range for its upcoming IPO from $60-$66 per share to $66-$68 per share. At the high end of its revised range, the company would raise more than $21.76 billion from the offering, and have an initial market cap of approximately $167.6 billion. It did not increase the number of shares being offered, as Facebook did in the run-up to its 2012 IPO. Alibaba kicked off its IPO road-show last week, and reportedly filled its book after just two days. It is expected to price the offering this Thursday night, and begin trading the following morning on the New York Stock Exchange under ticker symbol BABA. There had been some speculation that Alibaba would increase its upper price range to $70 per share, which it still has time to do. The company also could maintain its current range and still price higher (or lower) on Thursday night. At $21.76 billion, Alibaba would have the largest U.S. IPO of all-time, plus the largest tech IPO of all-time. But it still would fall a bit short of the largest global IPO mark of $22.1 billion, which was set by Hong Kong-listed Agricultural Bank of China. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3380388/alibaba-ipo-2/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3380388/alibaba-ipo-2/"},"headline":"Alibaba Raises Size of IPO to $21.8 Billion","datePublished":"2014-09-15T21:02:52.000Z","dateModified":"2026-05-11T05:07:46.032Z","description":"At $21.8 billion, Alibaba would have the largest U.S. IPO of all-time, plus the largest tech IPO of all-time","url":"https://time.com/3380388/alibaba-ipo-2/","keywords":["Companies","deals"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltef7dd6f065e31211/6986a369e53abaabe24d46da/alibaba-raises-size-ipo-21-8-billion.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Fortune","jobTitle":null,"url":"https://time.com/author/fortune/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltef7dd6f065e31211/6986a369e53abaabe24d46da/alibaba-raises-size-ipo-21-8-billion.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Alibaba IPO Raised to $21.8 Billion","caption":"Alibaba IPO Raised to $21.8 Billion","creditText":"Bloomberg via Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/companies/","name":"Companies"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3380388/alibaba-ipo-2/","name":"Alibaba Raises Size of IPO to $21.8 Billion"}}]}] ```