The Alibaba Group, the China-based e-commerce organization that has grown in popularity in recent years, broke the Asian bond sale record in the United States on Friday, surpassing every other company from the continent.
In September, the company issued a $25 billion initial public offering (IPO), which attracted the attention of investors around the world; especially in the United States.
"They clearly wanted to be priced in the context of their global peers and wanted to be viewed as a global tech or retail company, rather than one that should be compared with other Chinese corporations," said one syndicate head who followed the deal, according to the Business Times.
"They've priced significantly through where any other Chinese corporation would come to market."
Many investment firms from Asia have expressed disagreement with Alibaba's expensive bonds, taking into consideration its high-risk adjustment premiums and assets. In the United States, however, many investors hold a positive view of the company's economic position and future endeavors.
Originally, the company issued a September 2013 IPO for $21.8 billion but eventually boosted it to $25 million.
Jack Ma, a Chinese business mogul, founded the company in 1999.
