Seeking Alpha

NYT: Alibaba planning September IPO

  • The NYT reports Alibaba (Pending:BABA) now plans to price its IPO "sometime after Labor Day."
  • Though past reports stated Alibaba is aiming for an early-August offering, the company needs more time to take care of several issues, including wrapping up an SEC review, deciding on its IPO valuation range, and finalizing roadshow presentation plans.
  • Yahoo (YHOO -1.4%) is adding to yesterday's post-earnings losses amid a broader tech selloff. The company is 2 days removed from disclosing it has lowered the number of Alibaba shares it's required to sell at IPO time by 33%, and plans to return at least half the proceeds to shareholders.
  • Per Alibaba's latest F-1, Yahoo owns 22.5% of the Chinese e-commerce giant, and SoftBank (OTCPK:SFTBF) 34.3%.
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Comments (16)
  • Shaduc
    , contributor
    Comments (1842) | Send Message
     
    what happened to August 8th. Or was BABA mgmt alerted by reality?
    17 Jul 2014, 11:45 AM Reply Like
  • maxbelski
    , contributor
    Comments (55) | Send Message
     
    August 8th has been postponed weeks ago. Not enough time apparently to get it all ready by than.
    The reality is that Alibaba will have a monster IPO!!! Buy SFTBY.
    17 Jul 2014, 11:47 AM Reply Like
  • pjwraw
    , contributor
    Comments (51) | Send Message
     
    I think your contributor Pamela got it right when she guessed jack ma's birthday(sept 8or9?) would be the iPo day. Looks like she will be very close or right on. We'll done Pamela!
    17 Jul 2014, 12:29 PM Reply Like
  • Shaduc
    , contributor
    Comments (1842) | Send Message
     
    Jack Ma or Ma Yun (born October 15, 1964)[2]
    http://bit.ly/1qikHqQ
    17 Jul 2014, 12:39 PM Reply Like
  • pjwraw
    , contributor
    Comments (51) | Send Message
     
    maybe I remembered wrong and she said october 15.She Still could be right. Thanks for the correct and link.
    17 Jul 2014, 01:59 PM Reply Like
  • vikramnjnjjdjnd
    , contributor
    Comments (1104) | Send Message
     
    I'm going all in alibaba. Rare opportunity.
    17 Jul 2014, 01:14 PM Reply Like
  • DoctoRx
    , contributor
    Comments (2851) | Send Message
     
    Indeed, reality hits as major IPOs don't take place with the A team on vacation. After Labor Day makes for a more successful share flotation.
    17 Jul 2014, 01:16 PM Reply Like
  • cspettham
    , contributor
    Comments (13) | Send Message
     
    Alibaba's F1 filing indicated the fair value as follows:

     

    For the three months ended

     

    Fair value per share
    June 30, 2011
    US$8.00
    September 30, 2011
    US$10.00
    December 31, 2011
    US$13.50
    March 31, 2012
    US$13.50
    June 30, 2012
    US$13.50
    September 30, 2012
    US$13.50 – US$15.50
    December 31, 2012
    US$15.50
    March 31, 2013
    US$15.50
    June 30, 2013
    US$15.50 – US$18.50
    September 30, 2013
    US$18.50 – US$22.00
    December 31, 2013
    US$22.00 – US$25.00
    March 31, 2014
    US$25.00 – US$40.00
    June 30, 2014 (up to May 6, 2014)
    US$40.00 – US$50.00

     

    May 07 -August: US$50-US$60??????????
    September IPO Price: ????????????

     

    There are rumors from private equity firms, underwriters, investment bankers and grey market speculating an increase of 120 -160% from the IPO price, hopefully it's true and i am definitely going all out for Alibaba. A very rare opportunity as it is a growth stock with lots of potentials.
    17 Jul 2014, 02:48 PM Reply Like
  • Ajayyy
    , contributor
    Comments (329) | Send Message
     
    What's with all these new accounts pumping BABA? The pump in on without any shares being traded ever. We don't even know the price of IPO and these guys are all in. LOL
    17 Jul 2014, 04:08 PM Reply Like
  • Shaduc
    , contributor
    Comments (1842) | Send Message
     
    The Cn haven't learned the art of promoting their IPO yet, but then it has learned that with enough encouragement Americans will buy anything and on CREDIT! (example Iraq War)
    17 Jul 2014, 06:24 PM Reply Like
  • cspettham
    , contributor
    Comments (13) | Send Message
     
    The Wall Street Journal‘s Telis Demos, Juro Osawa, and Wei Gu wrote late yesterday, private trading of Alibaba stock in advance of the public offering have valued the company at $150 billion, citing multiple unnamed sources.

     

    I will be buying between $40-$50 hopefully.

     

    This is important as many investors expect Alibaba’s shares to appreciate further in the after- market after the IPO, so the fewer shares that YHOO must sell at the IPO, the more value YHOO should obtain.
    17 Jul 2014, 06:42 PM Reply Like
  • cspettham
    , contributor
    Comments (13) | Send Message
     
    Alibaba acquired 100% of AutoNavi Holdings Limited AMAP worth ($20.99 +0.43% Nasdaq) and being more profitable than Amazon and Ebay combined should be a very good investment should the IPO price be between $40-$50 and may closed at $70-$80 upon listing. Trade at your own risk.

     

    http://on.mktw.net/1qj...
    17 Jul 2014, 09:18 PM Reply Like
  • vikramnjnjjdjnd
    , contributor
    Comments (1104) | Send Message
     
    Ajayy, you are correct but I think when people on comments say "all in" because they have a fair valuation in mind. I think. 150 billion is a no brainer investment for me as I know the sleeping giant (china) is going to take over as long as we have politicians who can be bought out. So far they copied American business and are doing well with it and I want to invest with them. You are right about jumping in on a stock that hasn't even went public yet with uncertainty, but some have done there homework on this company years ago. Good luck.
    18 Jul 2014, 05:34 PM Reply Like
  • Ajayyy
    , contributor
    Comments (329) | Send Message
     
    I'm not contesting their claim at all. I agree with everyone that BABA will be huge but there is this senseless pump going on everywhere and for someone to say they were all in for a stock that's not even trading, doesn't have a price, date or any other detail at all is just laughable.

     

    I'm buying yahoo because that's what makes most sense. I feel everyone else will do the same. BABA IPO will happen when it happens.
    18 Jul 2014, 05:47 PM Reply Like
  • cspettham
    , contributor
    Comments (13) | Send Message
     
    Yahoo @ $33.33 currently is definitely under valued, its intrinsic value amongst institutional analysts should be around $43 +- but in the stock markets, its not just fundamentals and technical data only, you need to need to develop or acquire more value drivers. Yahoo needs to know how to play the perception game.

     

    There's just not enough consistent good news and Melissa need to have a game changer plan fast, otherwise, whatever increases in Yahoo prices Post IPO Alibaba will not be sustainable.

     

    Expectations are still low and possibly the only positive catalysts is the Alibaba IPO and it remains the only huge value driver for Yahoo.
    20 Jul 2014, 01:42 PM Reply Like
  • cspettham
    , contributor
    Comments (13) | Send Message
     
    Hahahah, Most major internet Chinese companies encountered the same skepticism and doubts when they list their companies either with NYSE or Nasdeq but ultimately every investors laugh their way to the bank.

     

    Alibaba is growing faster than eBay, Facebook and Google and its operating margins are also better than those at other public Chinese Internet firms, including Baidu, a search engine, and Tencent.

     

    I believed BABA will have similar results like Baidu upon IPO listing.

     

    WUBA(58.COM INC)
    IPO Date
    10/30/13
    Offer Price
    $17.00
    First Day Return
    41.9%
    Aftermarket Return
    $34.11 (100.2%)
    Return from IPO
    184.0%
    Current $48.28

     

    Baidu
    IPO Date
    08/05/2005
    Offer Price
    $27.00
    Opened Price
    $66.00
    Closed Price I 1st day
    $122.54 (354% increase)
    Current $191.17

     

    Alibaba
    IPO Date
    00/09/2014
    Offer Price
    $???
    ???
    Closed Price
    $?? (000% increase)

     

    My 2 cents worth.
    20 Jul 2014, 05:06 PM Reply Like
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