Home

    You are here

ALIBABA – PILE THEM HIGH, SELL THEM CHEAP!

You are here

ALIBABA – PILE THEM HIGH, SELL THEM CHEAP!

Sept 17, 2014 14:22pm GMT

Stock.com

It seems that online retail giants Alibaba are taking the same principle they have towards products into their IPO strategy.
The record breaking initial public offering of Alibaba is set for tomorrow – Thursday September 17 - and people are already saying that the shares are too cheap to miss. In fact, Bloomberg reports that Thornburg Investment Management Inc. will buy shares at a discount, Clough Capital Partners LP are convinced of the company’s growth potential, and Krane Fund Advisors LLC has created an exchange-traded fund to buy Alibaba shares. Bloomberg also reports that Eric Brock, a portfolio manager at Clough Capital, which oversees more than $4.5 billion to say, “I’d be comfortable with the shares pricing even a bit above the higher targeted range.”
So will they pile them high and sell them cheap? The Hangzhou-based company have already changed the maximum price range of $66 to be the minimum. And with net income predicted to rise by 50% in the next year, the market value of the IPO tomorrow of up to $167.6 billion, is looking not only achievable but easily within reach. For Alibaba and the share buyers, this is win-win situation as the largest IPO in US history hits the markets.
“Image Source: Alibabagroup.com”

Stocks Block Actions

Trading Platforms

MetaTrader

Through a simple native App download, be ready to log on to the powerful, intuitive MT4 platform and trade multiple assets on your desktop or through mobile

More on MetaTrader

WebTrader

Online access - anytime, anywhere - to your secure STOCK.com account, through desktop, tablet and mobile interfaces with no download necessary

More on WebTrader

Trading in CFDs involves significant risk to your invested capital