Alibaba Group Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
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 ring The NYSE Opening Bell(R). (Photo: Business Wire)
Alibaba customers celebrated the company’s first day of trading by ringing The NYSE Opening Bell(R).
“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 https://www.nyse.com/why-nyse.
About NYSE Group
NYSE Group is a wholly-owned subsidiary of Intercontinental Exchange (NYSE:ICE) , operator of the leading global network of exchanges and clearing houses. NYSE Group operates multi-asset exchanges, and a range of related data products and technology services. The company’s equity exchanges – the New York Stock Exchange, NYSE MKT and NYSE Arca – trade more U.S. equity volume than any other exchange group. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally in 2013. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options offer complementary market models. NYSE Group also provides comprehensive global connectivity services and a range of market data products to support efficient, transparent markets.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures and Liffe.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, New York Stock Exchange and LIFFE. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.
* Data includes Operating Companies, REITS & CEFs.
SOURCE: Intercontinental Exchange
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