It is going to list its stock on the NYSE. It will trade under the ticker BABA. The StockTwits Alibaba stream has been running full-steam for months now. Here are three things you need to know about the IPO:
1. Alibaba dominates e-commerce in China. They once did $5.75 billion in sales over 24-hours. According to most estimates, that's an e-commerce world record. They own and operate Alibaba.com, Tmall.com and Taoboa.com:
2. The Alibaba IPO could turn out to be one of largest-ever IPOs by total proceeds. Yes, this IPO is huge. Here's a list of the largest U.S. IPOs in history, courtesy of @IPOTweet, before Alibaba:
Alibaba has major investment and ownership stakes throughout China's tech scene. Take a look at this
list of companies Alibaba has acquired a stake in
. This is perhaps the sneakiest aspect of Alibaba -- that they are going all in on Chinese tech:
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.