HONG KONG, Sept. 9, 2014 On September 19th, 2014, Alibaba is expected to begin trading on the New York Stock Exchange under the symbol "BABA". With a projected $24.3 billion USD offering, Alibaba will be the largest IPO in history. Alibaba is the largest e-commerce company in the world with over 500 million registered users, over 800 million product listings and approximately 70% of total parcel deliveries in China. Alibaba recorder a profit of $1.1 billion USD last quarter which is 47% more than Amazon and eBay combined.
8 Securities will offer its next 8,888 new customers $1 million USD in Alibaba shares. Customers can open an account online in under 10 minutes. With a minimum deposit of $10,000 HKD, 8 Securities will deposit at least $100 USD worth of Alibaba shares directly into the customer account. Customers can buy or sell Alibaba stock listed on the New York Stock Exchange directly from their 8 Securities for only $8.88 USD flat-fee per trade.
8 Securities is Asia’s first and only private social network and global trading platform for individual investors. Customers have access to over 15,000 US and Hong Kong equities and exchange traded funds from a single, multi-currency account. 8 Securities has offices in Hong Kong and Tokyo. The company’s customers hold $750 million USD in assets with the firm. The company was founded by the management team of E*TRADE International.