Alibaba To List Shares On NYSE

The eagerly-awaited initial public offering of Alibaba Group will have its shares listed on the New York Stock Exchange.

Both the NYSE and NASDAQ actively sought the listing since the middle of last year, according to earlier reports.

Alibaba's estimated value of $168 billion would make it the third-largest tech company listed on the exchange, according to Bloomberg, which broke the news.

Alibaba's stock offering, announced in May, could become the largest IPO in history, with estimates ranging to $20 billion.