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Old 09-19-2014, 12:29 AM  
Pawnmower Pawnmower is online now
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Anyone getting in on the Alibaba IPO? 9-19-2014

68$ a share

7g for a block


Anyone gonna buy a few blocks?

It might be a crazy ride.....

I'm game ...buy a few blocks. Wait till its over 100 and sell some calls.

What say ye?
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Old 09-19-2014, 08:46 AM   #2
Bwana Bwana is offline
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One hell of a risk, I think it's either going to payoff big or be a total flop. Just know you are investing in a contract, not a company and Jack Ma seems like a shyster, his track record is a little on the shady side.

KC Native seems to have a decent feel for the market and I would be interested to hear what he thinks about the IPO and why.

As for me, I'm going to take a pass, but good luck.
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Old 09-19-2014, 01:32 PM   #3
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Old 09-19-2014, 01:51 PM   #4
KC native KC native is offline
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I am prohibited from participating in IPOs.

I was at a conference yesterday and today so I didn't get to watch early trading.

Anytime you have an oversubscribed IPO there is going to be a pop once it starts trading. The pop for Alibaba was entirely predictable because it is a hot name (lots of discussion, direct play on China's economy).

I wouldn't buy Alibaba for a long-term holding due to a couple reasons. The corporate structure basically makes Ma (the CEO) a king and shareholders can't change that (from what I've read, I haven't looked in detail into it). In addition, the political risk is pretty high. Alibaba has become what it is because the Chinese govt has allowed it (restricting other companies etc). If Chinese officials decide to take away the privileged status or if Ma becomes persona non grata with the govt then they can just seize the company.

It does have a solid business model and unlike Amazon it is actually profitable in accounting terms.

It should be good to trade though.
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Old 09-19-2014, 01:58 PM   #5
KC native KC native is offline
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It was also definitely an underpriced IPO judging by the pop. Whoever got an allocation is a lucky bastard.

And to clarify, I can buy Alibaba once it started trading. I just can't get an allocation of the IPO shares.
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Old 09-19-2014, 02:03 PM   #6
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The real money was already made on this long ago with the initial investments (yahoo)-then the underwriters, then the Financial institutions- mutual fund investors buying one million share blocks. They made a fortune as did Ma. They will slowly sell off shares to private investors trying to get a piece of the action from the scraps left.

Someone always ends up holding the bag on these type of IPO's.
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Old 09-19-2014, 02:17 PM   #7
KC native KC native is offline
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Quote:
Originally Posted by Halfcan View Post
The real money was already made on this long ago with the initial investments (yahoo)-then the underwriters, then the Financial institutions- mutual fund investors buying one million share blocks. They made a fortune as did Ma. They will slowly sell off shares to private investors trying to get a piece of the action from the scraps left.

Someone always ends up holding the bag on these type of IPO's.
Not necessarily. If Alibaba can grow then real money can still be made.
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Old 09-19-2014, 02:24 PM   #8
Halfcan Halfcan is offline
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Not necessarily. If Alibaba can grow then real money can still be made.
I guess we will see what happens tomorrow when the sell off starts.

The Citizens bank IPO intrigues me. That seems a better long term investment-probably receive dividends.
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Old 09-19-2014, 09:16 PM   #9
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Yahoo just dropped a bunch today. Precursor to a big rise?
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