By Derek Hunter
In September,
Chinese e-commerce giant Alibaba listed on the New York Stock Exchange with
great fanfare, sending its IPO price up 67% since. If you thought that
excitement was overblown, well, you were wrong. This week more Alibaba news is
dominating Wall Street: first, Alibaba is planning a massive $8 billion bond offering, and second, U.S. hedge funds’ required quarterly disclosures reveal that every big name money manager from Daniel
Loeb to George Soros has taken a huge stake in Alibaba. Seems like Alibaba must
be the investment of the century, since all of Wall Street never gets an investment wrong.
0 comments:
Post a Comment