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re: Alibaba IPO

Posted on 9/16/14 at 7:37 pm to
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 9/16/14 at 7:37 pm to
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.
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/16/14 at 8:56 pm to
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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