Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

'Hundreds of thousands' of orders placed for Alibaba in debut: NYSE

Published 09/19/2014, 10:06 AM
Updated 09/19/2014, 10:10 AM
© Reuters Alibaba Group Holding Ltd founder Jack Ma arrives at the New York Stock Exchange for his company's initial public offering in New York

NEW YORK (Reuters) - A top New York Stock Exchange executive on Friday said on CNBC that "hundreds of thousands of orders" for shares of Alibaba Group Holdings Ltd. (N:BABA) had been placed ahead of the stock's trading debut, expected later in the morning.

In an interview on CNBC, Scott Cutler, head of the NYSE's global listing business, said an initial indicative pricing range for the stock would be posted shortly.

Brokerage TD Ameritrade told Reuters that half the orders in its orderbook on Friday morning were for Alibaba.

© Reuters. Alibaba Group Holding Ltd founder Jack Ma arrives at the New York Stock Exchange for his company's initial public offering in New York

NYSE officials said all systems were operating smoothly and all other listed issues were trading normally.

(Reporting By Dan Burns Editing of W Simon)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.