World Business NewsA round up of the latest news for those doing business internationally
Alibaba chooses New York Stock Exchange over Nasdaq
Zone(s): China, USA ¦ Sector(s): Investment
[26 June 2014, BBC News] The Chinese online retailer, Alibaba, will list its shares on the New York Stock Exchange (NYSE), rather than on the technology focused NASDAQ.Alibaba, which handles more than 80% of online retail transactions in China, plans to go public in the US this summer. Some analysts say the public listing could be worth more than $20bn. The decision to float on the NYSE is a blow to the rival NASDAQ exchange, which had hoped to host the stock.