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Technology Stocks
Alibaba Group Holding Limited
An SI Board Since August 2014
Posts SubjectMarks Bans Symbol
833 81 0 BABA
Emcee:  Glenn Petersen Type:  Moderated
Alibaba Group Holding Limited, China’s largest e-commerce company, is planning an initial public offering that could raise as much as $20 billion, which would make it the largest IPO in U.S. history. The IPO is expected to give the company a post-offering valuation somewhere in the vicinity of $200 billion.

The company has set the initial price range for its shares at $60 to $66 per share, valuing the company at approximately $155 billion. Alibaba’s road show is expected to begin on September 8. The pricing will be finalized on the evening of September 17 and the shares are currently scheduled to begin trading on the morning of September 18 under the stock symbol BABA.

The fast growing, hugely profitable Alibaba is not without controversy. Alibaba’s corporate governance structure is unorthodox and Jack Ma, the company’s CEO, has a reputation for making quick decisions and closing on investments and acquisitions without a lot of due diligence. Of course, the same could be said of Mark Zuckerberg. Moreover, some of Alibaba’s acquisitions have raised conflict of interest allegations against Mr. Ma. Also, it was recently disclosed that Alibaba’s IPO will result in a windfall for some of the relatives of China’s leaders. Transparency is one of my concerns.

Alibaba’s largest pre-offering shareholders are Softbank (34.3%) and Yahoo (22.5%). Jack Ma, the founder of Alibaba, owns 8.9% of the company. Yahoo is contractually committed to selling a bit less than 27% of its position in the IPO. The remainder of the shares will be locked up for one year.

This board has been created for the purpose of discussing Alibaba’s stock price, financial prospects, actual results, management decisions and the merits of its business model. It is neither a Bulls nor a Bears board and all opinions are welcome. Hopefully, we can avoid the “to the moon” and “Alibaba sucks” commentary.

The board is moderated and my expectation is that everyone will be civil to one another. Pretend that your mother is reading the board and that she knows your virtual handle. No name calling and please avoid engaging in political commentary unless it has a specific bearing on Alibaba.

SEC filings:

Alibaba website:

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833[graphic]Glenn Petersen13 AM
832There was a chart of cumulative P&L of softbank. It amounted to zero.Sun Tzu-yesterday
831SoftBank to book $34 billion gain by cutting Alibaba stake to 14.6% (REUTERS)1 Glenn Petersen-yesterday
830Alibaba Non-GAAP EADPS of $1.75 beats by $0.19, revenue of $30.69B beats by $530Julius Wong1last Thursday
829It ill be interesting to see if Pelosi actually touches down in Taiwan. Xi has Glenn Petersen-July 29
828I think there are broader issues involved too. China is having bank run problemsSun Tzu-July 29
827I am not surprised. If you read the header, you will see that I made note of theGlenn Petersen1July 29
826There was a reason for that dual listing [tweet]Sun Tzu1July 29
825My take ... BABA is in deep shit with the SEC.kidl-July 26
824Alibaba pops 6% after announcing plans for a dual primary listing in Hong Kong Glenn Petersen-July 26
823Alibaba shares drop 8% after Jack Ma’s Ant Group and regulator squash talk of reGlenn Petersen-June 9
822Chinese Internet Stocks Hit Three-Month High Regulatory approval of videogames Glenn Petersen-June 9
821BABA up big second day in a row.Sr K-June 8
820Alibaba slips in wake of mistaken report about founder Jack Ma May 03, 2022 2:4Julius Wong1May 3
819The key goal for the Chinese politburo is to prevent the corporate power rising Sun Tzu-April 30
818China Plans Reprieve for Tech Giants, Including Delaying New Rules, as Economy SGlenn Petersen1April 30
8178 months ago I said this: Message 33451211 When it comes to valuing BABA, thereSun Tzu-April 19
816Beijing Crackdown Derails Alibaba’s Bid for Amazon-Size Profit The company’s asGlenn Petersen1April 18
815SoftBank’s Alibaba Stake in Spotlight Amid Stock-Market Turbulence Shares in thSr K1March 26
814Buyback increased to $25B Alibaba to Buy Back Up to $25 Billion of Stock The mSr K1March 21
813I believe this marks the bottom in HSI. All day yesterday I struggled with whethSun Tzu-March 16
812China says it will support Chinese IPOs abroad, calls for closure on tech crackdGlenn Petersen1March 16
811Hong Kong’s Hang Seng extends surge, rising about 9% as Tencent, Alibaba jump moGlenn Petersen-March 16
810Markets are discounting mechanisms, so my buy conditions and yours will coincideSun Tzu3March 14
809All that said, BABA is now at levels that justify taking a chance on it *after* Glenn Petersen-March 14
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