The Guardian: Alibaba investors to sell $8bn of shares ahead of massive IPO
September 18, 2014
RRI CEO James Gellert said the IPO would set the stage for the full emergence of a new tech powerhouse. “Alibaba already is by many measures a global company and will soon be very much more so.” He said the share sale would give Alibaba “a boatload of cash” to invest in growth. Alibaba already has $8bn in cash on its books and looks set to add another $10bn from the IPO.