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re: Alibaba IPO
Posted on 9/16/14 at 7:37 pm to Ole War Skule
Posted on 9/16/14 at 7:37 pm to Ole War Skule
They raised the pricing range to 66-68 FYI
I think 90ish is fair for trading to start.
I'd be skeptical at that price, China and Jack Ma are SHADY as shite....
Corporate governance is a joke... They have spent shareholder cash on a pro soccer team and siphoned off assets into subsidiaries solely controlled by Ma.
I think 90ish is fair for trading to start.
I'd be skeptical at that price, China and Jack Ma are SHADY as shite....
Corporate governance is a joke... They have spent shareholder cash on a pro soccer team and siphoned off assets into subsidiaries solely controlled by Ma.
1
Posted on 9/16/14 at 8:56 pm to jso0003
quote:
I'd be skeptical at that price, China and Jack Ma are SHADY as shite....
Valid points, but any more so than zuckerberg? Heck, amazon still isn't making a profit.
regardless, it's not whether the deal is real, it's whether the market thinks it's real, at least in the short term. It may flop, but i think big money feels like they 'have' to be in the deal and the banks have to make it work after recent IPO fiascos.
A gamble for sure though
Posted on 9/17/14 at 10:24 pm to Ole War Skule
I have put a limit order in for first day trading through etrade at 20% above the $68 IPO hoping it doesn't start over that. I'm not flipping. I've been waiting on Alibaba since about 2009 and bought YHOO back then because they owned over 40% of BABA at the time and I hoped it would pay off. They have since sold about 20% back to BABA which they regret now. I'm not as concerned as others about government issues. I've owned china based BIDU for years and it's gone from $31 (after 10/1 split) to $219 as of today.
Posted on 9/18/14 at 9:09 am to jondavid11
quote:
etrade at 20% above the $68
Isnt that a little high?
how about making a market value trade? wouldn't it be better ?
This post was edited on 9/18/14 at 9:19 am
Posted on 9/18/14 at 10:29 am to jondavid11
quote:
I have put a limit order in for first day trading through etrade at 20% above the $68 IPO hoping it doesn't start over that
I put in for shares and assume I won't get any, so may do the same thing as a backup. My thinking though is the 20% limit won't get you any and it will open higher than that. Have to think this one over a bit...
Posted on 9/18/14 at 10:32 am to Northwestern tiger
quote:
how about making a market value trade?
That's risky business on an IPO.
Posted on 9/18/14 at 10:53 am to Shepherd88
My thought was that I was willing to pay at least 20% on the opening, but anything over that I just wanted see how see how it was going. The market trade could get me a price way above 20% on the open. It's a weird situation too because there are about 1/3 of insider shares that don't have a lockup period that could cash out on day one which could be crazy on things. I gotta think more about things too.
Like I said, I'm not flipping and in for long rin anyway.
Like I said, I'm not flipping and in for long rin anyway.
Posted on 9/18/14 at 5:06 pm to jondavid11
Was thinking about selling FB for Baba, but I'm going to stick with FB and possibly buy into baba if it drops into 50s similar to the FB ipo.
Posted on 9/18/14 at 5:29 pm to Dodd
I doubt I will ever hold this stock long term, and I purposely use the word stock and not company. But its not just that shareholders have no power but the fact that China could just take over the company at a whim discourages me.
Posted on 9/18/14 at 9:36 pm to reb13
I moved a bit into soft bank to see if I could steal a few. Not sure I could even get into the alibaba. I think the smart play is give slibaba a month or two to settle....the big guys might buy a shitload on the run up and then dump for a quick $$$ and leave people hanging a bit
Posted on 9/18/14 at 10:30 pm to jondavid11
quote:
I've owned china based BIDU for years and it's gone from $31 (after 10/1 split) to $219 as of today.
Not worried about China based but not happy that stock holders will get no claim on the assets, or management decisions of Alibaba, but rather "Cayman Islands Contractual Rights".
It's the Jack Ma show, ladies and gentlemen, step right up and grab your "Cayman Island Contractual Rights". Too snake oil!
Posted on 9/18/14 at 11:08 pm to Blakely Bimbo
quote:
Not worried about China based...
I am.
Posted on 9/19/14 at 7:50 am to jondavid11
NO SHARES FOR YOU!
As expected, I didn't get any allocated. I have to decide if I want to buy on the open or wait.
Anyone else buying on the open? market, limit?
ETA: Maybe buy some Yahoo calls instead?
As expected, I didn't get any allocated. I have to decide if I want to buy on the open or wait.
Anyone else buying on the open? market, limit?
ETA: Maybe buy some Yahoo calls instead?
This post was edited on 9/19/14 at 7:55 am
Posted on 9/19/14 at 8:31 am to Ole War Skule
Random question, but who actually gets shares at $60-65? And is there some sort of regulations that restrict them from selling when it opens to the public?
Posted on 9/19/14 at 8:33 am to OnTheBrink
Haven't kept with the whole Alibaba thing in depth, but it seems like a truly great story and it sounds like Jack Ma is a really good person. Plans on giving Billions to environmental protection and Billions to education.
Even let his customers ring the opening bell.
ETA: Just said his hero is Forrest Gump... This guy is awesome
Even let his customers ring the opening bell.
ETA: Just said his hero is Forrest Gump... This guy is awesome
This post was edited on 9/19/14 at 8:35 am
Posted on 9/19/14 at 8:35 am to Lsut81
quote:
Haven't kept with the whole Alibaba thing in depth, but it seems like a truly great story and it sounds like Jack Ma is a really good person. Plans on giving Billions to environmental protection and Billions to education.
Really? I am not doubting you, but I am following the BABA chatter on stocktwits and it seems every other post is bashing him/them saying how shady they are.
Posted on 9/19/14 at 8:35 am to Lsut81
Jack will invest in South Asia and Africa. Does that mean he is trying to tap the rural market?
His hero is Forrest Gump
His hero is Forrest Gump
Posted on 9/19/14 at 8:49 am to OnTheBrink
quote:
who actually gets shares at $60-65? And is there some sort of regulations that restrict them from selling when it opens to the public?
Im very interested in this as well... What is the full process for an IPO?
If I am correct, the brokerage houses that are chosen sell the stock to their customers at the 60-65 range
Posted on 9/19/14 at 8:52 am to Lsut81
quote:
Lsut81
Stocktwits has changed their tune on Jack Ma BTW. Everyone is saying he killed the interview.
I don't know man as far as who gets the shares first. I put an order in for a small amount but I doubt it gets filled. Trying to buy 12 shares at $70. Sharebuilder is telling me that their will be a low price surcharge added to it.
This post was edited on 9/19/14 at 8:54 am
Posted on 9/19/14 at 8:53 am to Lsut81
Holy shite, this guy Masayoshi Son owns 32% of the shares, worth a likely 60B at the end of today 
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