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Alibaba (BABA) And Other IPOs Are Having A Rough 2015

TedTed
in Off-Topic
FYI: Alibaba (BABA) was a strong IPO out of the gate, but it has faltered significantly since peaking late last year, and it’s dragging down the Bloomberg IPO index that it has a massive weighting in. The Bloomberg IPO index is a cap-weighted index made up of companies that have IPOd over the last year. Because of its massive size compared to most IPOs, Alibaba (BABA) has a ridiculously high 44% weighting in the index!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/alibaba-baba-and-other-ipos-are-having-a-rough-2015/

Comments

  • [Deleted User]
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  • heezsafe
    edited March 2015
    @Maurice. Ha, that Jack Ma is one shrewd dude. I didn't know, until several weeks ago, that Alibaba as well as several big operations like it are not listed with any Chinese stock exchange. This really pisses the Chinese gov't off, because they have no (easy) way of telling them what they can or cannot do. Most free cash held offshore?

    MFs of many stripes benefited from the BABA IPO. I recently learned that two Fidelity bond funds, FAGIX and FSICX (LT hold of mine), participated in the IPO, because their prospectus allowed for it. Bought at 67, sold at 92 or so, a.s.a.p. Unless they tell me, I'll have no way of knowing what FSICX made, since I'll never see how much they purchased. It will never appear as a portfolio holding in any report, since they bought and sold it between filings.
  • scott
    Fake orders:
    http://www.zerohedge.com/news/2015-03-03/reason-why-everyone-who-bought-baba-stock-and-held-now-losing-money
  • JohnChisum
    Not surprising. The one time I went into Alibaba to see what all the fuss was about, I saw only listings for stuff that had to be fake. Prices too good to be true. A lot of bulk materials for business or manufacturing. Equipment for the same.

    The name Alibaba to me brings up the tale of The 40 Thieves.
  • JohnChisum
    One example off of Alibaba. The copycats tried their best here. They even named the model the i6.

    http://m.alibaba.com/product/60099165200/Newest-Star-i6-3G-WCDMA-MT6582.html

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