My belief when a stock IPO pops like this Wall Street messed up and got the price wrong. Actually from their viewpoint they got it right as insiders and special clients just made a ton of easy money at the expense of Alibaba. Alibaba left almost $8 billion on the table and just gave it away. I don't understand why IPOs don't use an auction model. I can think of only Google as using that way to do an IPO.
1 posted on
09/19/2014 9:31:49 AM PDT by
C19fan
To: C19fan
Alibaba reminds me of AOL using it’s over priced stock buying Time-Warner.
Alibaba has no real assets to it, not like owning a company with real hard assets.
Will be interesting to watch to see what happens. In a real market correction this stock will be going down.
To: C19fan
It’s not even stock in Alibaba. It’s an interest in an offshore entity that has a contract with Alibaba. And that entity has a postal box for its headquarter address.
Only a fool would believe the Chinese will honor the terms of the contract.
This IPO is a legal con game.
4 posted on
09/19/2014 9:48:41 AM PDT by
peyton randolph
(Show me the man and I will find the crime. - Lavrenti Beria)
To: C19fan
The investor class in this country is STOOOOPID enough to put their money into ChiCom vaporware.
That’s one major reason our economy is in the toilet.
To: C19fan
Is the one the Clintons help start ?
9 posted on
09/19/2014 11:06:01 AM PDT by
molson209
(Blank)
To: C19fan
To: C19fan
I hate Alibaba.
When looking for parts I want to deal with a real company.
12 posted on
09/19/2014 11:11:00 AM PDT by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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