NEW YORK (TheStreet) -- As Chinese e-commerce giant Alibaba moves forward with an initial public offering, the company said on Thursday it will list its shares on the New York Stock Exchange (NYX) under ticker "BABA." Alibaba disclosed the exchange selection and ticker in an amended S-1 filing with the Securities and Exchange Commission.

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Alibaba's decision to list on the NYSE is a huge coup for the exchange and could generate significant fee-related revenue. While the size, price and timing of Alibaba's IPO haven't yet been disclosed, the offering is widely expected to be the biggest in U.S. history. The firm could also receive a valuation in excess of U.S. e-commerce pioneer Amazon (AMZN).

Traditionally, tech companies including Amazon have listed their shares on Nasdaq (NDAQ). However, in recent years many prominent tech-related IPOs have chosen the NYSE. While Facebook listed its shares on Nasdaq, Twitter listed its shares on the NYSE.

Earlier in June, Alibaba disclosed new information about its partnership and board of directors. The firm disclosed the names 27 partners who are able to nominate a majority of director appointments to the company's board. Alibaba also disclosed its board of directors, which will be comprised of a majority of outside directors.

One little-reported element of Alibaba's partnership structure is its gender diversity. A third of Alibaba's partners are female, TheStreet first reported, perhaps, showing inclusiveness that would compare favorably to the company's Silicon Valley competitors.

Alibaba's partnership was also the impetus for the company's decision to move forward with a share offering in the U.S. and ultimately with the NYSE.

Partnership Drives U.S. Listing

Alibaba decided to list its shares in the U.S. because of a spat the company had with Hong Kong regulators, who would not allow the company to list its shares with a special partnership structure. Both the NYSE and Nasdaq approved Alibaba's partnership structure, paving the way for the company's U.S.-based offering

Many U.S. financial pundits took Alibaba's decision to list in New York as reason to believe the company would list its shares with a dual class stock structure, giving insiders different voting rights than ordinary shareholders.

While Chinese companies recently making an IPO, such as JD.com (JD), Weibo (WB) and Cheetah Mobile  (CMCM) have listed in the U.S. with dual class voting standards, Alibaba isn't. Instead, the company's partnership seeks to nominate a majority of directors to its board of directors.

"Unlike dual-class ownership structures that employ a high-vote class of shares to concentrate control in a few founders, our approach is designed to embody the vision of a large group of management partners. This structure is our solution for preserving the culture shaped by our founders while at the same time accounting for the fact that founders will inevitably retire from the company," Alibaba states in its F-1 filing with the SEC.

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