tracy tendon reports. if any have new york is flexing its like kielbasa laughter chinese e commerce giant ali baba confirmed its launching its ipo the new york investment bank value ali baba as much as two hundred billion dollars. and just based on market capitalization of the second biggest internet company behind google company of like ali baba rushing to left on us exchanges that delivered a blow to asian and european markets. but try to weigh in on the ipo battlefield the trend for ipo is moving to the us has been in place for quite some time now. over the last twelve months two hundred and thirty eight died he owes have been listed on the new york stock exchange and the nasdaq. beating hong kong which is that ninety nine listings and trumping the london which has sixty eight. today i spoke to propel founder and ceo sap of a doubt the fact that the big win for the new york financial markets has tremendous with hong kong was the original plan for. ali baba to us of the rated cdos some issues with it on