Alibaba raised the largest IPO in history

And now this guy is in charge of one of the biggest companies in the world!

The biggest IPO of all time: Alibaba is the Chinese equivalent of eBay, Amazon, and Paypal all rolled into one. There’s no denying that Alibaba has a stranglehold on e-commerce in its native China. When founder Jack Ma failed to come to an agreement with the Hong Kong stock exchange, he took the company’s IPO over to New York. In late September of this year Alibaba officially became the biggest IPO of all time, raising $25 billion in one day. Investors remain extremely bullish about Alibaba, and with good reason; it’s the market leader in the world’s most populous and fastest growing country – and thanks to this IPO, Jack Ma is now the richest man in China.

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