Showing posts with label Alibaba. Show all posts
Showing posts with label Alibaba. Show all posts

19 September 2014

Decided not to buy Alibaba

I didn't like the price at which Alibaba Group (BABA) started trading, USD 92.70, and refrained form buying it.

Looking at Alibaba

I have been looking at the Alibaba Group Holding (BABA) IPO over the past few days and wonder at what price it will start trading on NYSE today. Depending on how it goes, I may buy some shares. An IPO price of USD 66–68 has been mentioned in news articles. Pre-market trading is not available.