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®.
“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
ICE-EQ
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