NEW YORK (AP)
Chinese e-commerce company Alibaba will list its shares on the New York Stock Exchange.
The company disclosed in a regulatory filing that its American depositary shares will be listed on the NYSE under the ticker symbol “BABA.”
Alibaba Group Holding Ltd. filed for an IPO in May, and the company is expected to go public in late summer or early fall. It hasn’t said how many shares it plans to sell or disclosed an expected price, but analysts say Alibaba could surpass Facebook Inc.’s $16 billion IPO to become the largest offering ever for a tech company.
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