Deals
NYSE Says Alibaba Traders to Get All the Time They Need at Open
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The clock won’t be ticking on Alibaba Group Holding Ltd. as market makers work to arrange its first trade on the New York Stock Exchange.
“Whether it’s 15 minutes to get to that solution or an hour and 15 minutes, we don’t really care,” David Ethridge, the senior vice president at NYSE Group Inc. who heads its initial public offering unit, said in an interview. “We’re going to be very supportive to the underwriting teams, the designated market maker and all the other market participants in making sure we give them the kind of launch they want.”