This is not necessarily a bad thing. AMD (Advanced Micro Devices) will be moving from the NYSE to the NASDAQ beginning on January 2nd, 2015. The last trading day on the NYSE will be December 31, 2014.
There are many amazing things related to Alibaba that are ground breaking. One such milestone is the fact that the Alibaba IPO (BABA) raised $25 Billion. The prior record was set by the Agricultural Bank of China for $22 billion in 2010.
Another company raising billions due to the Alibaba IPO is Yahoo (YHOO). Yahoo owned 16% of Alibaba and sold the stock for over $8 billion. What does that mean for Yahoo shareholders?
Wall Street Journals take on Yahoo selling Alibaba
What does the sale of such a large stake in Alaibaba mean for Yahoo? Is it good for shareholders to have that asset turned into cash? Here is the take from WSJ entitled “After Alibaba IPO, Is There Turbulence for Yahoo?”
While Alibaba has fallen in price after the initial IPO, only time will tell.