BANGKOK, The Stock Exchange of Thailand (SET) will list
depositary receipt (DR) on Alibaba Group Holding Limited (BABA), under the
ticker symbol “BABA80” on February 23. BABA80, issued by Krungthai Bank pcl
(KTB).
Alibaba Group Holding Limited is a global technology company listed on Hong Kong
Stock Exchange and a leader in e-commerce with subsidiaries in a wide range of
businesses including digital technology, media and entertainment, and logistics.
BABA80’s initial public offering (IPO) opened for subscription during February
14-17, 2022.
DR is a financial instrument that provides investors with the benefits of the
underlying foreign shares. DR, thus, offers investors an efficient way to gain
exposure to international markets while trading in the Thai baht via existing
securities accounts.
Source: Stock Exchange of Thailand
