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Alibaba Group (BABA) announced Monday that the underwriters of its initial public offering have exercised their option to purchase an additional 48 million American depositary shares (ADS) from Alibaba and certain shareholders, raising the IPO’s total deal size by 15% and making it history’s biggest IPO at $25 billion. The 48,015,900 shares were bought by the underwriters due to strong demand. Alibaba said each ADS represents one ordinary share of Scalper1 News
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