File - People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan
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Alibaba Group Holding Ltd. plans to list its shares on the New York Stock Exchange, cementing the 222-year-old market's newfound strength in technology companies.For Alibaba, picking Intercontinental Exchange Inc.'s NYSE would also make it a standout on the Big Board as the third-largest technology company listed there.NYSE and Nasdaq are currently the only two U.S. exchanges that list companies.LinkedIn Corp., Pandora Media Inc. and Yelp Inc. have all selected the NYSE for IPOs since. From the start of 2012 through March 31 of this year, NYSE won 45 technology listings that raised $8.8 billion, while Nasdaq secured 35 that raised $20.7 billion, an amount padded by Facebook's $16 billion debut.
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