IPO day has finally arrived for the Chinese e-commerce giant Alibaba Group Holding. Alibaba Group Holding will trade on the NYSE using the symbol BABA. Alibaba's IPO debut has become a hot debate for the market. The demand for its shares has risen so much so that the bankers had to stop taking orders in some places recently.
That leads us to our poll question today....
Loading ...As always, we would love to hear what you thing about Alibaba Group Holding (NYSE:BABA).
Every Success,
Jeremy
Not just NO.... But HELL NO!!!!!!!!!!!
Not only will I, but I did pick up a small allocation of shares this afternoon. Time will tell.
My sister owns a business buying cheap and selling dear steel tubes. I asked her about buying from alibaba and she responded with disgust, saying "they make you wait 6 months and then deliver the wrong thing."
I don't even know what Alibaba is or does.
But if it was a great IPO, normal people couldn't get in on the IPO anyway.
And once it is trading the values will be way out of proportion to value.