Supposed to be one of the largest IPO's since Facebook. Anyone here interested?
As China's economy becomes more consumer driven, getting a piece of Ali Baba seems like a no-brainer. They have 80% of all online consumer sales. Silicon Valley seems very interested.
But after investing so much in US stocks, it does seem different to bet on the future success of another country's stock.
Much of the stock that will be sold belongs to Yahoo.com.
Thomas Sowell: There are no solutions, just trade-offs.
FredHayek wrote: Supposed to be one of the largest IPO's since Facebook. Anyone here interested?
As China's economy becomes more consumer driven, getting a piece of Ali Baba seems like a no-brainer. They have 80% of all online consumer sales. Silicon Valley seems very interested.
But after investing so much in US stocks, it does seem different to bet on the future success of another country's stock.
Much of the stock that will be sold belongs to Yahoo.com.
I know nothing about this IPO but , IMO, the small investor will not get an allotment unless the smart and politically connected $ does not want it.
Sometime ago there was a stink about US Senators getting allotments and flipping them the same day for a profit. I think it was done in blind trusts but the corruption was obvious.
I think they changed the rules but when they close one loophole they open another. Of course when it comes to pol's I tend to be somewhat cynical.
I know I don't have the pull to get into the IPO, I prefer to let the stock settle down anyway. And sometimes the IPO overvalues, example Facebook and Twitter.
Thomas Sowell: There are no solutions, just trade-offs.
