Alibaba picks NYSE for listing
27/06/2014 15:12
Chinese internet-based e-commerce company Alibaba Group Holding Ltd announced on Thursday, in an amended prospectus, that it plans to list its shares on the New York Stock Exchange (NYSE). Earlier, Nasdaq stock market was competing with NYSE for Alibaba’s initial public offering. Alibaba’s IPO will be biggest ever for NYSE. Commenting on the development, NYSE, spokeswoman said, “We participated in a comprehensive and deliberate exchange selection process and we are pleased to welcome Alibaba Group to the New York Stock Exchange, where they will join our network of the world’s best companies and leading brands.” Further, the shares of Alibaba are expected to begin trading from August. The company will use the ticker symbol BABA.
27/06/2014 15:12
Chinese internet-based e-commerce company Alibaba Group Holding Ltd announced on Thursday, in an amended prospectus, that it plans to list its shares on the New York Stock Exchange (NYSE). Earlier, Nasdaq stock market was competing with NYSE for Alibaba’s initial public offering. Alibaba’s IPO will be biggest ever for NYSE. Commenting on the development, NYSE, spokeswoman said, “We participated in a comprehensive and deliberate exchange selection process and we are pleased to welcome Alibaba Group to the New York Stock Exchange, where they will join our network of the world’s best companies and leading brands.” Further, the shares of Alibaba are expected to begin trading from August. The company will use the ticker symbol BABA.
