Leverage Shares 3x Alibaba ETP Securities (3BBE.L) is an exchange-traded product issued by Leverage Shares PLC that provides three times the daily return of Alibaba Group Holding Ltd. ADR stock through physical replication; it tracks the iSTOXX Leveraged 3x BABA Index by directly investing in Alibaba shares supplemented by margin borrowing from providers including Interactive Brokers LLC and Morgan Stanley & Co. LLC, incorporates an intraday rebalance mechanism known as the airbag to mitigate extreme intra-day declines, and features a 0.75% annual management fee with SIPP/ISA eligibility in eligible markets. The ETP trades like an equity on multiple exchanges such as the London Stock Exchange in USD, GBP, and EUR tickers (BAB3, 3BAB, 3BBE), Euronext Amsterdam, Borsa Italiana, and Frankfurt Stock Exchange; it offers sophisticated investors magnified exposure to Alibaba's performance in e-commerce, cloud computing, digital media, and entertainment segments without requiring futures or margin accounts, while capping losses at the invested amount and minimizing credit risk through full ownership of underlying assets. Leverage Shares PLC, founded in 2017 and headquartered in Greenwich, Connecticut with issuer operations in Dublin, Ireland, leads Europe in physically replicated leveraged and inverse ETPs targeting individual stocks and ETFs across countries including the United Kingdom, Italy, Germany, France, Spain, Netherlands, Ireland, Poland, and Belgium; the company expanded its product suite with ongoing issuances like the 3x Airbnb ETP Securities in August 2025 and maintains recognition as one of Inc. 5000's fastest-growing U.S. private companies in 2023, while related series such as -3x Alibaba underwent consolidation and securityholder meetings in March 2025.