Upcoming IPO, Alibaba to be listed on the NYSE as "BABA" this August

Following rumors and preparations, Chinese tech giant Alibaba has finalized all its affairs and plans to go live on the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (NYSE) on August 8^th 2014.

Alibaba’s IPO is expected to be one of the biggest to hit the NYSE. With an estimated value of $168 billion, Alibaba will be the third largest tech company listed on the New York Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term following listings from International Business Machines Corp. and Oracle Corp..

The decision to be listed on the 222 year old NYSE comes as a blow to the NASDAQ, which was one of the markets interested in launching Alibaba’s IPO. Alibaba’s public offering helps instil the New York Stock Exchange’s new foray as a tech oriented market exchange.

“The momentum shifts back and forth between the two exchanges as far as IPO wins, and now it’s shifted back to the NYSE,” saidRichard Repetto, an analyst for investment banking firm Sandler O’Neill & Partners LP to Bloomberg.

In the filing mentioning the NYSE as the home for Alibaba’s IPO, the finalized ticker was also reviled. The ticker “BABA” was chosen to represent Alibaba’s stock.

The use of BABA, beyond being linked to the company’s name was also chosen for representing the number 8 in Chinese, “ba”. 8 is a lucky number in China and is also referenced for sounding similar to the word for prosperity, “fa”, in Chinese.

Keeping with the “8” theme, the IPO date is currently set for August 8^th (8/8). There is mention of the possibility of a weak market and internal factors which could see the IPO being pushed back to September, but if all goes to plan August 8th will be the date Alibaba goes live on the exchange.

We will be posting more on Alibaba's upcoming IPO as more information is released.