Alibaba reportedly eying "lucky" 8/8 IPO


Alibaba (ABABA) wants to start trading on Aug. 8, sources tell Bloomberg. The reason: The number 8 denotes good fortune in Chinese lore, and co-founders Jack Ma and Joe Tsai view it as auspicious.

8/8 also happens to be the date on which the 2008 Beijing Olympics commenced. CNBC previously reported Alibaba's IPO could arrive in the first week of August.

Bloomberg cautions "a weak market or a myriad of other factors" could delay the year's biggest IPO until September. Management reportedly prefers to trade under the symbol BABA; no symbol has been officially proposed yet.

Previous: Alibaba's IPO filing/2013 results

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Comments (5)
  • SeattleInvestorAMS
    , contributor
    Comments (215) | Send Message
     
    Cant wait! Long SFKBF, YHOO and JD
    4 Jun 2014, 05:13 PM Reply Like
  • martell
    , contributor
    Comments (189) | Send Message
     
    breaking news that french e-commerce giant cnova files for an estimated $1billion us ipo 30 mim ago renaissnacecapital.com
    4 Jun 2014, 07:04 PM Reply Like
  • James Sands
    , contributor
    Comments (2641) | Send Message
     
    I don't think this company will fair well against Asia or North America. So basically their growth is going to be dependent on France and Brazil?

     

    http://1.usa.gov/1nSUBtk

     

    I don't see this one as attractive as JD or Alibaba or even Amazon. Amazon still grew international sales over 20% in 2013 in Germany, and near 40% for the majority of other countries.

     

    Only the U.K. at 13% growth and Japan negative 2% decline were weak internationally. Last quarter international sales picked up as did North America. Long-term I think owning Amazon and one or two Chinese e-commerce companies makes sense.
    5 Jun 2014, 02:34 PM Reply Like
  • Skaterdude
    , contributor
    Comments (1684) | Send Message
     
    Also, an even number of 8s is even more auspicious.
    5 Jun 2014, 09:30 PM Reply Like
  • mozart12345
    , contributor
    Comments (5) | Send Message
     
    I have $10,000 to invest in the Alibaba IPO. How do I go about buying these IPO shares. How would I do it via Yahoo! I have a TD Ameritrade account. Can't I purchase the Alibaba IPO shares through TD Ameritrade?

     

    Please give me some guidance on how I can go about buying these Alibaba IPO shares.

     

    Thank You
    James CFrancis Cote'
    jamesfc61@gmail.com
    772-925-4725
    13 Aug 2014, 10:04 AM Reply Like
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