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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.

  • Featured Story

    The Real Story Behind JPMorgan's Infamous "Whale" Trade

    Here's an insight for you - along with a trademark indictment, of course.

    Take it with a grain of salt, because it's just an educated guess on my part.

    It's about how the infamous London Whale may have been harpooned by spawn from his own pod.

    For those who haven't heard, the London Whale is one of the latest traders to make the headlines. Bruno Iksil was the top trader at JPMorgan Chase's Chief Investment Office (CIO) in London.

    He got the nickname "the London Whale" for the outsized bets he became known for.

    But this is no fish story...

    To continue reading, please click here…


    Read More...
  • jp morgan white whale