GC
New York, New York: Alibaba set for jumbo NYSE listing
One week after unveiling the identities of its partners, Alibaba is back in the spotlight once again with another step towards its jumbo IPO. The e-commerce giant has finally chosen the New York Stock Exchange as the home for its American Depositary Shares under the ticker symbol BABA.
The most keenly anticipated IPO of 2014 has already had plenty of twists and turns, with Alibaba originally looking to list on the Hong Kong Stock Exchange. But talks broke down late last year because the HKEx was unwilling to change its rules
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