At the time of writing this article Alibaba (BABA) has a market cap of $545 billion.
Source: Yahoo Finance (BABA)
If you searched for Xiaomi ADRs, you’ve inevitably come across both
XIACY. What’s the difference? You cannot trade
XIACF as a retail investor because it’s a “privately placed” ADR under SEC Rule 144A. This means that they’re for qualified institutional buyers (QIBs) only. QIBs want and contribute to the 25x higher average trading volume than
XIACY. Volume ensures there are enough buyers and sellers to trade with you. Information and services are also limited to QIBs.
Short Answer: NO – I doubt it.
Airbnb was in a good position to IPO at the end of last year, but seemed to push it back. Since then the follow has happened:
Airbnb won’t be seeing the public markets any time soon as they really need to focus when the Coronavirus lockdowns start to exit and the world opens up for business again.