(Yicai Global) Nov. 21 -- The difference in performance between Alibaba Group Holding stocks listed in New York and those in its upcoming Hong Kong listing will make for an intriguing watch, according to Nasdaq Senior Vice President Bob McCooey.

"I think that it will be interesting to see how the stocks trade in both markets after the HK listing is complete," McCooey, also Nasdaq's Asia Pacific head, told Yicai Global in a written statement.

The Chinese e-commerce giant is scheduled to list in Hong Kong on Nov. 26, when it will issue receipts worth one-eighth of an ordinary share at HKD176 (USD22.48) apiece. The firm hopes to raise around USD12.9 billion in total.

McCooey did not confirm whether he believed the new listing would poach international investors from the United States market, but had previously indicated in public that the company was a special case due to its USD500 billion market cap.

Several market participants have indicated that other China concept stocks -- those of Chinese firms listed in the States -- may follow suit, but McCooey is confident that the US market will remain an ideal destination for many startups looking to go public.

Alibaba's new listing comes as many China concept stocks are struggling to perform. New-energy vehicle maker Nio has lost nearly 80 percent over the past 12 months; software developer Cheetah Mobile and peer-to-peer lender PPDai have lost over 60 percent; and news portal Sohu.Com has more than halved.

During the same period, Alibaba has risen 22 percent.

Editor: James Boynton