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> the largest IPO in history is Alibaba with $25B

Facebook's IPO was much larger at $104B



Different metrics. Alibaba raised $25B. Facebook's market cap was around $104B (intraday) upon their IPO, but they only raised about $16B in the offering.


Going by market cap, Alibaba was at $230B following the IPO (their shares were around $93).




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