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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.
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
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