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Alibaba chose the NYSE
The Chinese company Alibaba, whose initial placement in the United States is claiming to be one of the largest in world history, has chosen the New York Stock Exchange as a platform for trading its shares. The company plans to submit an application for the inclusion of its securities on the New York Stock Exchange (NYSE) listing under the symbol BABA.
The initial public offering itself is expected in August or September of this year and, according to experts, may become one of the largest in history - $ 20 billion. For the record, it is necessary to surpass the placement on the Hong Kong stock exchange of the Agricultural Bank of China in the amount of $ 22,1 billion.
Alibaba is the world's largest online seller in terms of turnover. So, the amount of transactions on the Taobao site over the past year amounted to about $ 177 billion, and on Tmall - about $ 70 billion.Turnover of the main competitor of the Chinese retailer Amazon in 2013 amounted, according to Forrester Research, to about $ 100 billion.