3 Things Everyone Should Know About Alibaba and Its IPO

NEW YORK (TheStreet) -- The Alibaba IPO is coming.

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:


3. 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:


If you enjoyed this article make sure to follow the author on Twitter and StockTwits.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

More from Opinion

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Wednesday Wrap-Up: GE and Facebook

Wednesday Wrap-Up: GE and Facebook

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

How to Invest Like Warren Buffett

How to Invest Like Warren Buffett

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites