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Alibaba (BABA) IPO

Discussion in 'Finance and Investment' started by k12balla, 09.19.14.

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  1. k12balla

    k12balla ASA Member 10+ Year Member

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    IPO is today, selling at $68/share. Anybody going in or know when it will be open to the public to buy shares?
     
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  3. QofQuimica

    QofQuimica Seriously, dude, I think you're overreacting.... Lifetime Donor SDN Administrator 10+ Year Member

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    No and no. Though if I were a current employee and had any shares I could sell, I'd be selling 'em like mad.
     
  4. k12balla

    k12balla ASA Member 10+ Year Member

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    Seems like those who got in for the ipo made a 30% profit in one day. Not bad...
     
  5. PL198

    PL198 2+ Year Member

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    Only really gonna happen unless you have stupid crazy money(in terms of being able to get in), to the point where I doubt any attendings would be even close or you work for them or a subsidiary. But yeah, pretty good return
     
  6. DoctorKrieger

    DoctorKrieger Exit Van Left 2+ Year Member

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    lol IPOs are anything but public. No one gets in at those prices.
     
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  7. Plectron

    Plectron 5+ Year Member

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    I have my 401k with Fidelity and they were allowing people to get in on the IPO, but you had to have at least $500k in your account. My financial advisor tried to get some but said all of the shares went to institutions.
     
  8. PL198

    PL198 2+ Year Member

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    I wonder how concrete the usage of "let" there is. 500k is chump change for IPOs, I'd think we're talking 10x+ that at the minimum just to actually get a shot at any
     
  9. Plectron

    Plectron 5+ Year Member

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    Yeah, those are the minimum requirements. They say nothing of guaranteeing you will get any.
     
  10. mgdsh

    mgdsh 7+ Year Member

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    I've gotten in pre-IPO for big IPOs like Visa, FB, etc. You have to have a strong relationship and a large account. Didn't ask for BABA, better option was to play YHOO in the weeks leading up to the BABA IPO
     
  11. Plectron

    Plectron 5+ Year Member

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    I tried the YHOO play and bought some calls but it didn't pay off for me. YHOO dropped just before expiration. I have some more calls expiring this Friday that are starting to recover, so I'm keeping my fingers crossed.
     
  12. The White Coat Investor

    The White Coat Investor AKA ActiveDutyMD Partner Organization 10+ Year Member

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    I went in on the day of the IPO when my index fund went in.
     
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  13. TexasPhysician

    TexasPhysician SDN Moderator 7+ Year Member

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    Baba has so many risky things about it that I wouldn't touch individual shares. I'd even prefer if my mutual funds avoided it, but I don't make that decision. Before you buy, I would recommend that you do some reading on how the company got a U.S. IPO and what you are buying into.

    http://www.forbes.com/sites/investor/2014/09/15/four-reasons-to-avoid-the-alibaba-ipo/

    That link includes some of the pitfalls. While stocks all include risk, alibaba tops the list in my opinion.
     
  14. Plectron

    Plectron 5+ Year Member

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    None of the mutual funds or ETFs in my 401k have any shares. I was just hoping to get some in the IPO (or through the YHOO options) with some play money.
     
  15. Mapplicant

    Mapplicant 2+ Year Member

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    LOL.

    Jon Stewart had a great segment. The IPO is not for AliBaba itself but for a holding company that owns AliBaba that is incorporated in the Caribbean. And because of Chinese securities laws, they did not list them\selves in the Chinese or Hong Kong exchanges, instead putting it on NYSE.

    Like the WhiteCoatInvestor, I went in on IPO day as well an I didn't have to spend 1 penny. :D
     

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