Alibaba and the two stock exchanges

AT
the last few days there was a tough competition
the struggle between the two major platforms
- NYSE and
NASDAQ -
for the placement of one of the largest
IPO in the history of markets.
Recall
recently stirred up the financial world
news that Chinese Internet colossus
Alibaba plans
to hold IPO
at
August, and this placement will attract
about $ 20
billion.

leadership
Alibaba initially
It is planning to hold IPO
on
site NYSE,
but
NASDAQ does not
I give up until the last. Eventually
NYSE still
"Pinch" of the candidate. To do this, she
sent emissaries to Hong Kong
and even in the short term it has dismissed the chief
Executive Director (not so long ago
passed NYSE takeover
Intercontinental Exchange, therefore,
it was necessary to quickly show that
Exchange has completed all transition
procedures and is now operating normally
mode).

technological
Company historically generally conducted
IPO
on the NASDAQ, but
technical failure, spoiled IPO
not
someone, and most Facebook,
Really
damped reputation of this area. Can
that is why Alibaba,
Example Twitter,
rejected
NASDAQ proposal.