ALibaba IPO

[law87]

anyone wanna buy this when it come out on monday?

 

[burrocrat]

ultimately i think i would be better off buying into a jewish ponzi scheme in new york than a chinese digital capital network in bejing. i can't even pronounce remnibi.

 

[alevin]

ultimately i think i would be better off buying into a jewish ponzi scheme in new york than a chinese digital capital network in bejing. i can't even pronounce remnibi.

Maybe so, maybe so. Us little people rarely do well with IPOs anyway, all the big boys already got in beforehand, and IPO prices usually take a dive immediately post-IPO and don't come back up for awhile. As far as that complicated foreigner currency word, b, spelling it a little differently would likely help with the pronunciation.

 

[burrocrat]

yuan. there, is that better?

don't forget that alibaba is an online shopping, trading/banking, payment network. all digitally based out of china, one of the world's foremost transparent capitalist markets, right? and it's named for a famous arabian knights story, alibaba and the 40 thieves.

the sarcasm and setup of the con is almost too hard to resist. you stick your money/digital credits in that one and they will at some point disappear.

 

[MrJohnRoss]

This is actually one IPO that I'm looking forward to. Gonna get me some BABA, baby, and I ain't talkin' 'bout no black sheep.

 

[GUCHI]

I'm think n bout some of dat myself. Hope it comes out in the mid 60s

 

[tsptalk]

That would be nice. More likely $75-$85 for us peons.

 

[dhstdog]

Search seeking alpha and find the US commission eport on Alibaba and the other VIEs offered. Scary stuff! I doubt it has any short term issues but long time investing in any of these VIEs is down right scary!

 

[rktect1]

when I am thinking about biting on this one. Is there a specific time?

 

[weatherweenie]

Not that any regular investor will get BABA at $68, but, Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday.

 

[tsptalk]

It would be nice if we get a Facebook-like reaction and it sells off initially... but I don't think this one will do that. It is very popular but not quite as hyped as Facebook's IPO a couple of years ago.

If I can get it for less than $75 I will jump in. No real fundamental reason. I just hate to over pay for anything.

 

[weatherweenie]

How is Alibaba allowed to be publicly traded with this kind of business going on, on their sites?
Alibaba has a major counterfeit problem - Sep. 11, 2014

 

[k0nkuzh0n]

How is Alibaba allowed to be publicly traded with this kind of business going on, on their sites?
Alibaba has a major counterfeit problem - Sep. 11, 2014

eBay is publicly traded

 

[weatherweenie]

eBay is publicly traded

eBay doesn't have nearly the counterfeit problem that Alibaba and it's associated sites have.

 

[tsptalk]

I have my limit order in near $75, but I doubt it will be hit.

I am bidding in bitcoins. (not really)

 

[tsptalk]

Early indication is $80 - $83.

 

[weatherweenie]

Alibaba now indicated $82-85/share, seeing more sellers over $90: NYSE

 

[tsptalk]

$86 - $88 now. Sigh.

Well, if it sees any 7 handle today I may have to get in. Probably more likely to hit $100 before $75. Let's go volatility!

 

[weatherweenie]

NYSE exec: Alibaba likely to open within or close to range of $91-92

 

[tsptalk]

Boy... if there are shares available to short...

The valuation is getting a little crazy. Buy at $79, sell short at $100? Maybe. (trades of course not investments).