Both of them represent Alibaba Group. However, BABA is an ADR on the NYSE, while BABAF is an ordinary share on the US OTC market. This also means they differ in their trading process and trading volume.
Full Answer
What is Baba stock and how to buy it?
When you buy the BABA stock, you are buying into an American Depositary Receipt (ADR). ADRs are a US security which represents the ownership of shares in a foreign company. These ADRs can be traded freely just like any other stock.
How many shares of Baba are in a share?
The current conversion rate states that one share of BABA is equal to 8 shares of 9988. The Alibaba stock (BABA) was first listed on the New York Stock Exchange (NYSE) in September 2014. The initial public offering (IPO) holds the record for the largest global IPO of all time, at $25 billion!
What is the conversion rate for Baba stock on HKEX?
This means that you are able to buy the BABA stock, and then sell it on the HKEX as 9988. You are able to buy the 9988 stocks and sell it as BABA on the NYSE too. Here is the official conversion rate of these 2 stocks: 1 BABA stock on the NYSE is equivalent to eight 9988 shares on the HKEX.
Should you invest in the Baba IPO?
Anyone who bought into the BABA IPO and held has done quite well since then, as BABA now carries a market capitalization of nearly $460 billion. It’s hard to argue with doubling your money in five years.
What is the difference between BABA and 9988 HK?
BABA is the primary listing(IPOed 2014) and 9988 is the secondary listing(IPOed 2019) for Alibaba Group. One BABA is equal to 8 shares. The lot size for BABA is 1 and the lot size for 9988 is 100. Currency for BABA is USD and currency for 9988 is HKD.
Is Babaf a buy?
Alibaba Group Holding Ltd finds support from accumulated volume at $11.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
What is Babaf OTC?
BABAF - Alibaba Group Holding Limited. Other OTC - Other OTC Delayed Price. Currency in USD. 11.10. -0.78 (-6.57%)
Is Babaf an ADR?
BABA is also listed in the U.S. as an ADR. The CCP can't take any direct action against Citigroup (C) - the bank that sponsors BABA ADRs - but it can punish American shareholders by taking action against BABA itself.
Is Alibaba a good investment for 2022?
For its current fiscal year 2022, Alibaba is expected to earn $7.42 a share, down 25% compared to 2021. But growth is expected to pick up in 2023, up 6% to $7.88. Click here to the top-rated stocks in the group.
Is Alibaba bigger than Amazon?
Alibaba is smaller than Amazon, but it's only growing a slightly faster rate. Alibaba's revenue rose 41% in fiscal 2021 (which ended in March), or just 32% after excluding its takeover of the hypermarket operator Sun Art. Alibaba expects its revenue to rise 20% to 23% in fiscal 2022.
How do I buy Baba stock?
The process is rather similar for any company shares and again, we only take Alibaba as an example.Step 1: find a good online broker. ... Step 2: open your brokerage account. ... Step 3: deposit money to your account. ... Step 4: buy the Alibaba share. ... Step 5: review your Alibaba position regularly.
Where can I find OTC stocks?
Here are the best mobile trading apps for buying OTC stocks:Fidelity - $0 per trade.TD Ameritrade - $6.95 per OTCBB trade.Charles Schwab - $6.95 per OTCBB trade.TradeStation - $0 per trade (up to 10,000 shares)Interactive Brokers - $. 0035 per share.
What is BABA ADR fee?
$0.02-$0.05 per shareADRs (American Depository Receipts) represent ownership of non-U.S. company shares which can be traded in U.S. markets. Most of Chinese companies traded on the U.S exchange are ADRs, for example BABA, PDD & NIO etc, these companies will incur regular ADR fees, commonly at $0.02-$0.05 per share every financial year.
Is BABA part of Nasdaq?
This page refreshes every 30 seconds....BABA Real-Time Quotes.Nasdaq Last Sale (NLS) Plus Volume11,578,013Previous Close$94.48Today's High / Low$94.50/$87.3052 Week High / Low$230.89/$73.28
How many ADR did Alibaba?
In the case of Alibaba, up to 1 billion new ADSs (traded as ADRs), representing up to 8 billion common shares, are being sought for registration.
What is the difference between 9988 and baba?
The difference between BABA and 9988. BABA is an ADR listed on the NYSE, while 9988 is listed on the HKEX. They are both shares of the same company (Alibaba Group), but differ in the currency they trade in and the minimum number of units to invest in. Moreover, it is possible for you to interconvert between these two stocks.
Why did Jack Ma list his company on the NYSE?
These reasons are: To raise a further $20 billion, Alibaba had a secondary listing on the HKEX (9988) in late 2019.
Is Alibaba a secondary listing?
As Alibaba was able to qualify for this secondary listing, they subsequently managed to raise at least $11 billion for this IPO! In short, BABA was listed earlier in the NYSE in 2014, while 9988 is a secondary listing on the H KEX in 2019.
Is Alibaba on the HKEX?
Range of motion. To raise a further $20 billion, Alibaba had a secondary listing on the HKEX (9988) in late 2019. This was the second IPO that Alibaba had, but on another exchange instead. There was a change in the HKEX’s regulations.
Is Alibaba 9988 the same as Alibaba?
In summary, both BABA and 9988 are shares of the same company: Alibaba Holdings. There may be greater risks involved when you invest in BABA. As a result, you’ll need to decide if the risks are worth the lower minimum prices for the BABA stock!
Signals & Forecast
The Alibaba Group Holding Ltd stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Support, Risk & Stop-loss
Alibaba Group Holding Ltd finds support from accumulated volume at $15.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Alibaba Group Holding Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
When did Alibaba go public?
The online-only retailer, founded in 1999, went public in the U.S. in 2014. Alibaba's initial public offering was the largest ever IPO at the time, with a market cap of $231 billion. Anyone who bought into the BABA IPO and held has done quite well since then, as BABA now carries a market capitalization of nearly $460 billion.
How many customers does Alibaba have in 2024?
Mobile monthly active users ticked even higher, growing by 30 million in just three months, reaching 785 million. The company aims to serve more than 1 billion customers by 2024, and it looks as if it’ll reach that goal. Alibaba's growth, however, doesn’t solely originate from its core e-commerce business segment.
Is Alibaba a cloud company?
Like Amazon, Alibaba’s once-small cloud division has burgeoned into a major part of its business, and a leading provider for its native country’s top enterprises. In the most recent quarter, no other segment outside of its core commerce business was as large as cloud computing.
What is Alibaba's main business?
Alibaba's main business is in commerce. In the commerce business alone, Alibaba operates in the following markets: 1. China Based E-Commerce. This is Alibaba's legacy business and main source of revenue generation as of today.
Where is Alibaba's main market?
International E-Commerce. Alibaba's main foreign market is in South East Asia. It operates via Aliexpress, Lazada and Tokopedia (Equity Stake). Tokopedia is the market leader in Indonesia while in the remaining SEA markets, Lazada operates in a duopoly with Shopee.
What is Alibaba's service?
Alibaba provides consumers with a wide range of services, ranging from e-commerce to financing to video streaming. Their extensive network of services has been ingrained into the everyday lives of Chinese. For example:
How long has Daniel Zhang been at Alibaba?
Daniel Zhang has been at Alibaba for over 13 years and has had a successful track record of leadership and in rolling out new and innovative products. Together with an experienced management team, I believe that Alibaba is well equipped to withstand any storms and continue innovating in the face of adversity.
Is Alibaba an e-commerce company?
Alibaba is more than an e-commerce company. Although the bulk of its revenues still come from its e-commerce business, the company has many other ventures (such as cloud, new retail, local services etc...) which are growing rapidly.
Who is the CEO of Alibaba?
CEO: Daniel Zhang. Daniel Zhang took over the CEO and Chairman role in 2015 and 2019 respectively when founder Jack Ma stepped down. Zhang has been with Alibaba since 2007 and has taken various leadership positions during this timeframe.
Is Alibaba selling off?
However, after digging deep into the headlines, I feel that the Alibaba sell-off is unjustified as the company's fundamentals remain strong. Alibaba still has a solid business model, an extensive ecosystem, an experienced and accomplished management and a healthy financial position.
They Are Traded in Different Markets
- BABA and BABAF are traded in different markets, but what does that mean? What are the risks involved? NYSE is known as a reputable US exchange. Being listed on it comes with its own regulations that must be followed. These regulations are upheld by the Security & Exchange Co…
Type of Holding
- A BABA share is an American Depository Receipt (ADR), while a BABAF share is an ordinary shareof Alibaba. What is an ADR though? To identify ticker symbols that are ADRs, you can do a quick Google search. Shares that are ADRs will have ‘ADR’ at the back of their name. Ordinary shares do not pose any risks to the investor, but ADRs do. These risks include exchange rate ris…
Different Trading Volume
- With regards to their 65-day average trading volume, BABA has 15.3 million worth. In contrast, BABAF has only 80.69 thousand. BABA’s trading volume is much higher compared to BABAF! Alibabais a popular brand among US investors so it seems reasonable that it has high trading volume. But, why does BABAF lack in comparison? As mentioned, OTC stocks have a more com…
Converting to Ordinary Shares
- If you wish to reduce the risks of holding ADRs, it may be better to convert them to its ordinary shares. BABA shares can be converted to its ordinary shares. However, BABAF cannot be converted in this case. This is because BABA shares are actually ADRs. If you want to own ordinary shares, buying BABAF is one option. However, another way you can go about is by conv…
Verdict
- After doing a comparison between the two stocks, here is a summary: Choosing between these two stocks may be difficult. Here are some points you can consider in your decision:
Conclusion
- To sum up, both BABA and BABAF are ticker symbols that represent Alibaba Group. They are both traded in the US, though in different markets. BABA is listed on the reputable New York Stock Exchange. Whereas BABAF is listed on the over-the-counter market. This creates several differences in the nature of their stock. BABA, on one hand, is seen as more popular among inve…
The Difference Between Baba and 9988
These Stocks Were Listed at 2 Separate Times
- The Alibaba stock (BABA) was first listed on the New York Stock Exchange (NYSE) in September 2014. The initial public offering (IPO) holds the record for the largest global IPO of all time, at $25 billion! There are 3 possible reasons why Jack Ma chose to list his company on the NYSEinstead of the HKEX or the China Stock Exchanges. These reasons are: 1. Control 2. Reputation 3. Rang…
Type of Holdings
- When you purchase the 9988 stock on the HKEX, youare buying ordinary shares of the stock. However, things are quite different for the BABA stock. When you buy the BABA stock, you are buying into an American Depositary Receipt (ADR). You can see that you’re buying into an ADR when you buy the BABA stock, based on the ticker name. A more important aspect of both 9988 …
Both Stocks Are Fully Fungible
- BABA and 9988 are fully fungible stocks. This means that you are able to buy the BABA stock, and then sell it on the HKEX as 9988. You are able to buy the 9988 stocks and sell it as BABA on the NYSE too. Here is the official conversion rateof these 2 stocks: 1 BABA stock on the NYSE is equivalent to eight 9988 shares on the HKEX. You’ll need to find a broker that gives you access t…
Threat of Delisting
- Due to the China-US tensions, a new law (Holding Foreign Companies Accountable Act) was passed by Donald Trump. This Act coincided with Luckin Coffee being forced to delist from the Nasdaq! There were fears that BABA would get delisted from the NYSE as well. However, there is no confirmation of that. Even so, there is still some riskthat you may have when you own BABA s…
Verdict
- Here is a recap of the comparison between BABA and 9988: So which stock should you choose? Here are some points you may want to consider:
Conclusion
- In summary, both BABA and 9988 are shares of the same company: Alibaba Holdings. There may be greater risks involved when you invest in BABA. As a result, you’ll need to decide if the risks are worth the lower minimum pricesfor the BABA stock! Alternatively, you can invest in Alibaba through a Hang Seng Tech ETF or a Hang Seng Index ETF. Alibaba has a relatively high weightag…