Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

Alibaba Update: Intriguing Developments With These "Backdoor" Profit Plays

And thanks to some new developments, it’s a topic we need to revisit.

In a development late last week, the Hong Kong-based Alibaba said it’s looking at early September for what could be the biggest initial public stock offering (IPO) in global financial history. The company is now planning to price its offering sometime after Labor Day, a person briefed on the matter said on Thursday.

Alibaba valued itself at $130 billion in a recent regulatory filing, up from an earlier recent estimate of $116 billion. Valuations of the company have surged over the past year after earnings essentially tripled. A year ago the company was valued at $62.5 billion.

The big debate on Wall Street right now has to do with how Alibaba will value itself for purposes of the IPO.

Keith Fitz-Gerald

Research Services- Money Morning - Only the News You Can Profit From.

  • The Money Map Report

    All of our expert advisors share their best pick of the month – all rolled into one monthly news- letter. The most economical way to build a solid portfolio and protect your wealth.

    Learn more
  • Strike Force

    Keith's personal research and picks. His strategy: Get in, target gains of at least 100%, and get out clean. Eleven 100% gains to date.

    Learn more
  • The Geiger Index

    Keith uses fractal predictive technology to give his readers the edge on any trade, in any market. A 98% win rate over five years. Be ready to trade options with Keith for quick, reliable gains.

    Learn more