China's Alibaba chooses NYSE over Nasdaq

(AGI) New York, June 27 - Chinese e-commerce giant Alibabaannounced on Friday it will list its shares on the NYSE insteadof the Nasdaq. Alibaba handles close to 80 percent of onlineretail transactions in China, the world's second-largesteconomy, and expects to raise 20 billion dollars in the float.The figure is projected well in excess of Facebook'sdisappointing 15 billion-dollar float on the Nasdaq in 2012.Alibaba will list under the "BABA" ticker. . .

(AGI) New York, June 27 - Chinese e-commerce giant Alibabaannounced on Friday it will list its shares on the NYSE insteadof the Nasdaq. Alibaba handles close to 80 percent of onlineretail transactions in China, the world's second-largesteconomy, and expects to raise 20 billion dollars in the float.The figure is projected well in excess of Facebook'sdisappointing 15 billion-dollar float on the Nasdaq in 2012.Alibaba will list under the "BABA" ticker. . .