Alibaba ipo

[sophie.wee.weng]

We can buy Ali Baba tonight

 

[lalalalalala]

We can buy Ali Baba tonight

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What time ah thought fri morning NY time

 

[wondrdoggie]

As a retail investor, I think it would be quite hard for you to get anything more than a couple of hundred of shares. I also think that your RM probably is just trying to ramp up the order books by asking you to put in that order.

Anyway, I don't think it will work out for retail investors like us. Found this pretty interesting read about investing in Alibaba IPO anyway, you may want to check an alibaba article on weinvest dot net slash blog (can't quite link cos' I am a newbie...)

I am not a retail investor but I am not very hopeful to get allocation though the RMs did note that this is a big issue. I just sent a chaser, they said I will find out tomorrow if I get any.

Shiny, not sure if you requested but let me know if you got allocated any!

 

[archbishopchia]

anyone going to get in on the action via ipo etfs like KWEB?

 

[Shiny Things]

Actually JPM and MS being book runners for the IPO are legally not allowed to mention or even pitch alibaba or yahoo or SoftBank to you officially. They are only allowed to take orders and cannot answer any questions.

Hah, yeah, that would explain it. (Today I learned!) I think even if they could market it to me, I wouldn't get any though.

Anyway, I put in an order for alibaba. We'll see how good a customer I am to my bank. Haha! They didn't give me squat for FB. But the rm told me, if you want 50k worth, you better ask for like 200k or more. Good luck to me!

Getting a doughnut in the FB IPO might have been the best thing that could happen What a disaster that was.

For what it's worth, I'm not hearing any rumblings anywhere about the deal being upsized again, or about retail investors getting given allocations at the last minute like they were for Facebook. I think this one's going to get away cleanly and open higher.

If you're interested, this piece from The Epicurean Dealmaker is one of the best insights into the IPO process that I've ever read.

 

[Shiny Things]

We can buy Ali Baba tonight

Nope - the IPO is Friday morning NY time.

 

[Shiny Things]

anyone going to get in on the action via ipo etfs like KWEB?

Nah , those are for suckers. The IPO ETFs can't buy the actual IPO, so they can't participate in the IPO pop; they can only buy shares after the IPO has happened, at which point you might as well just buy the shares anyway.

 

[sophie.wee.weng]

Shiny, you are right. I was hoping to stay up tonight to watch the action, even though I do not have enough to buy much. Will stay up tomorrow night then.

 

[Shiny Things]

And the IPO's priced at $68.

Looks like the memory of the FB IPO disaster, where the bookrunners said "OK, you can have all that and more" has worn off:

Such was the enthusiasm that one hedge fund with $3 billion in assets placed a multibillion-dollar order, hoping to receive even a fraction of that amount, a person briefed on the matter has said.

...or, "How To Blow Up Your Hedge Fund In One Easy Step If The IPO Goes South".

 

[wondrdoggie]

And the IPO's priced at $68.

Looks like the memory of the FB IPO disaster, where the bookrunners said "OK, you can have all that and more" has worn off:

Such was the enthusiasm that one hedge fund with $3 billion in assets placed a multibillion-dollar order, hoping to receive even a fraction of that amount, a person briefed on the matter has said.

...or, "How To Blow Up Your Hedge Fund In One Easy Step If The IPO Goes South".

I kinda figured it will be $68, being Chinese and all. At PE around 26, I think it's reasonably priced for internet play. Apparently, I will find out in the afternoon if I got a molecule of allocation.

 

[archcherub]

...or, "How To Blow Up Your Hedge Fund In One Easy Step If The IPO Goes South".

lol. that would be a great story.

my guess is that the first day of IPO would be negative territory. oh well, not putting any money on this.

 

[archcherub]

wahkao, just googled and found out that Baidu IPO was 354% in Day 1.
amazing stunning....

 

[focus1974]

Y.a.. tonight 1st thing is log in to internet banking and buy ALIBABA! if it does not gap up too much...

 

[John.D Rockefeller]

Just submitted my order for some Alibaba shares.

9.30PM we shall see

 

[Mr.Huttons]

Just submitted my order for some Alibaba shares.

9.30PM we shall see

which platform are you using?

 

[John.D Rockefeller]

which platform are you using?

OCBC

How much did you guys place your order at?

 

[Mr.Huttons]

OCBC

How much did you guys place your order at?

Same here. $67.

 

[wondrdoggie]

Same here. $67.

You guys mean buying off the market when it trades? This IPO allocation is really down to the wire. My bank just told me I will only know at 8pm tonight

 

[xtwis7]

Can just submit limit order now thru stanchart?

 

[xtwis7]

Same here. $67.

Isn't it priced at US$68?