Future Potential And A New Buying Opportunity For Alibaba At Quiet Period Expiration
- The 40-day quiet period on BABA will come to an end October 29, allowing the firm's IPO underwriters to publish (likely positive) analyses.
- Recent research shows above-market returns in the (-5, +2) days surrounding a firm's quiet period expiration.
- BABA got off to a strong start on the market rising nearly 30 percent above its initial price of $68, and we remain optimistic given its very strong underwriters.
- We see the upcoming quiet period expiration as another great opportunity to buy into this rocket ship company.