Am I just getting old and senile or does anyone wonder about
this?
Biggest ipo in history and at $68/sh offering price
has a market cap greater than all but 22 of S&P
500 companies. With the opening price this
morning in the $90s that list is likely smaller.
Makes my head spin. But then I thought GOOG's IPO was also
outrageous and we all know where that went.
I think BABA is shares in a company in the Cayman Islands which
has a profit sharing agreement with Alibaba, not in the company
itself. I don't trust the Chinese, in business, any farther than I
can throw all X billion of them.
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baba
Posted by wowten on 19th of Sep 2014 at 04:13 pm
Am I just getting old and senile or does anyone wonder about this?
Biggest ipo in history and at $68/sh offering price has a market cap greater than all but 22 of S&P 500 companies. With the opening price this morning in the $90s that list is likely smaller.
Makes my head spin. But then I thought GOOG's IPO was also outrageous and we all know where that went.
Yes, and remember, unlike Google,
Posted by jroger on 21st of Sep 2014 at 07:30 pm
Yes, and remember, unlike Google, this issue is not actually shares in the company. Room for some Chinese fiddling here.
jroger, could you explain....
Posted by RichieD on 22nd of Sep 2014 at 06:17 am
your statement: " Yes, and remember, unlike Google, this issue is not actually shares in the company....."
Thanks.
I think BABA is shares
Posted by jroger on 23rd of Sep 2014 at 03:36 pm
I think BABA is shares in a company in the Cayman Islands which has a profit sharing agreement with Alibaba, not in the company itself. I don't trust the Chinese, in business, any farther than I can throw all X billion of them.