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An episode last month made âShark Tankâ history with a $2.5 million deal â the biggest yet on the show. Throughout six seasons, other budding businesses have gotten large amounts of funding from the investor sharks, but the deals donât always pan out.
Historically, firms have always changed public offering dates after assessing the market situation, and their readiness. Alibaba's IPO is likely to be the biggest ever, raising as much as $20 billion, according to the Wall Street Journal. Alibaba has agreed with many large US banks, such as Credit Suisse Group, JP Morgan Chase, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank AG, to manage its offering.