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InterestingInterestingInterestingInterestingInteresting 4.79 WOW! from 9 votes
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Alibaba the next Google? IPO over $1.5 Billion

by jamiejr Apprentice(November 2007) (rank 60th)

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China's online numbers are staggering.

Shares of Alibaba.com, China's biggest electronic commerce company, nearly tripled Tuesday in a spectacular opening day of trading, creating a new Internet giant and one of the world's wealthiest technology companies.

The company's public offering raised over $1.5 billion in Hong Kong, with an initial public offering of stock that nearly equaled Google, which raised $1.9 billion in its 2004 share sale in the United States.

 
 
 

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Re: Alibaba the next Google? IPO over $1.5 Billion

SamZ
4.09 (Good) Vote: Interesting Interesting Interesting Interesting Interesting

November 2007

That was awesome, and I was wondering how can I get some shares at the beginning...
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Re: Alibaba the next Google? IPO over $1.5 Billion

ClayCook
Vote:

November 2007

not sure about the beginning, but you can certainly buy some now.
Maybe like Google it will keep increasing?
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Re: Alibaba the next Google? IPO over $1.5 Billion

SamZ
4.00 (Good) Vote: Interesting Interesting Interesting Interesting Interesting

November 2007

Definitely, and all the e-companies with long term revenues and strategies are worthwhile to invest.
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Re: Alibaba the next Google? IPO over $1.5 Billion

jackie-shervington
5.00 (Excellent) Vote: WOW! WOW! WOW! WOW! WOW!

November 2007

Raises an interesting comparison - would you invest in google or alibaba- assuming you could only back one horse?
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Re: Alibaba the next Google? IPO over $1.5 Billion

ClayCook
Vote:

November 2007

that's a good question jackie
the thing about China is the govt can step in at anytime and shut you down etc, so Google is probably a safer bet... but the growth numbers are in China's corner.
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November 2007

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Re: Alibaba the next Google? IPO over $1.5 Billion

thisjenn
5.00 (Excellent) Vote: WOW! WOW! WOW! WOW! WOW!

November 2007

Many wonder if this is yet another sign of another internet bubble...
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Re: Alibaba the next Google? IPO over $1.5 Billion

ClayCook
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November 2007

yeah - i think it is a bubble, but maybe we should all play it while it lasts...?
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