By raising as much as US$24.3 billion (S$30.4 billion), Alibaba could break the record for the largest initial public offering (IPO) in history.
Based on the price range announced on Friday, which could be adjusted before the market debut, Alibaba would raise between US$19.2 billion and US$24.3 billion.
Here are the largest IPOs to date, according to the research firm Dealogic:
1. AgBank
The Agricultural Bank of China raised US$22.1 billion in its 2010 IPO in Hong Kong and Shanghai.
2. ICBC
Another Chinese financial group, Industrial and Commercial Bank of China, held its 2006 IPO in Hong Kong and China, raising US$21.9 billion.
3. AIA Group
The Asian unit of US insurance group AIG raised US$20.5 billion in its 2010 Hong Kong IPO.
4. Visa Inc
The US payment and credit card issuer raised US$19.7 billion in a 2008 IPO in New York.
5. NTT DoCoMo
The Japanese mobile carrier raised US$18.4 billion in Tokyo in 1998.
6. General Motors
After emerging from bankruptcy, the US auto giant took in US$18.1 billion in 2010 in an IPO in New York and Toronto.
7. Enel
The Italian energy group raised US$17.4 billion in a 1999 IPO in Milan and New York.
8. Facebook
The US social media network raised US$16 billion in 2012.
9. NTT
Japan's former state-owned telecommunications group raised US$13.6 billion in 1986 in Tokyo.
10. Deutsche Telekom
Germany's big telecommunications carrier, in an IPO in Frankfurt, New York and Tokyo in 1996, raised US$13 billion.