Alibaba Group Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
September 19 2014 - 1:37PM
Business Wire
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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Intercontinental ExchangeMedia Contact:Judy Shaw+ 1 212
656 4290Judy.Shaw@nyse.comorMarissa Arnold+1 212 656
2359Marissa.Arnold@nyse.com
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