Alibaba announced Thursday it will list on the New York Stock Exchange in what could be the biggest-ever US IPO.
Analysts have valued the Chinese e-commerce giant at as much as $168 billion. That would put Alibaba behind only IBM and Oracle as the exchange’s top tech firms.
The decision could be a big blow to the NASDAQ — which traditionally has been the preferred listing venue for tech and internet powerhouses. In the first quarter this year, seven out of 10 U.S. tech IPOs listed on the NYSE.
For more on Alibaba’s future IPO, Rebecca Fannin, Founder of Silicon Dragon Ventures, joined CCTV’s discussion.