Alibaba trades on NYSE

Stocks and Financial Services Press Releases Monday September 22, 2014 17:27
NEW YORK--22 Sep--Asian Banker

NEW YORK- Alibaba Group Holding Ltd. opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol "BABA" after its initial public offering (IPO) on the floor of the NYSE. Barclays is the Designated Market Maker for the company's stock, which opened at $92.70.

Alibaba customers celebrated the company’s first day of trading by ringing The NYSE Opening Bell®.

“We are delighted to welcome Alibaba to the NYSE and our family of the world’s best companies and leading brands,” said NYSE Group President Thomas W. Farley. “Alibaba is a global leader in online and mobile commerce and a true innovator. We congratulate the entire team at Alibaba on its IPO and look forward to serving the company and its shareholders.”

As the largest ever U.S. IPO, Alibaba is the 88th company to conduct its IPO on the NYSE and NYSE MKT this year, representing $50.6 billion in total proceeds*. It is the 25th technology company IPO, representing 57% percent of all technology company IPOs in the U.S. in 2014.

For more information on NYSE’s listings business, visit
--www.theasianbanker.com (Sep 22, 2014)--

Latest Press Release

mai welcomes real estate developer CMC on November 19

Market for Alternative Investment (mai) will list Chaoprayamahanakorn pcl, a leading real estate developer onNovember 19, under the ticker symbol "CMC". The company has a market capitalization at its initial public offering (IPO) of THB 3.00 billion...

KTC - Chilito Mexican Grill - Farm Factory provide members special privileges for payments made using QR Pay in the KTC Mobile app.

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, provides KTC VISA and KTC MasterCard credit card members who make payments through KTC QR Pay in the "KTC Mobile" app worth Bt. 300 or more...

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Photo Release: CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018...

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB is one of the first banks to leverage blockchain technology to tap into region's USD120 billion remittance business CIMB Group ("CIMB" or "the Group") and Ripple have entered into a strategic collaboration to enable instant cross border payments...

Related Topics