alibaba.com

I place a limit buy order for alibaba.com at HKD 16.90 at the Hong Kong Exchange (HKE). Because I have no broker in Hong Kong I place my order with the Swiss bank UBS and as it does not accept market orders I have to make it a limit order. The stock's symbol at HKE is 1688.

The IPO for alibaba.com closed on 25 October, issue price HKD 13.50, and the trading of the stock will start at HKE on 6 November. One of the many news articles on the subject is on Bloomberg.com

I expect the price to go up after the open on this first trading day, but because I cannot give an order to buy at market I cannot be sure if my order will be executed. Unlike for shares at other markets, I cannot give orders for KHE stock online; I have to call UBS or send on online message. With the 7-hour time difference between Hong Kong and Switzerland, it will be 03:00 hours in Switzerland when the market opens in Hong Kong at 10:00 hours, and my broker won't be at his desk before 08:00 hours Swiss time.