When Alibaba went public and sold shares of the company on the New York Stock Exchange, it raised $25 billion. This was listed as which of the following on Alibaba's statement of cash flows?

Question

Quizplus · Accepted Answer

When a company goes public and sells shares of its company, it is considered a financing activity. Therefore, the $25 billion raised from Alibaba's IPO would be listed as cash flows from financing activities on their statement of cash flows.

When Alibaba Went Public and Sold Shares of the Company