jpmist

Catching the Alibaba IPO: Not So Fast

Thanks for finding all that out. I also checked with e*Trade and was told of the 40 day waiting period, but never got a full explanation as to why.

I just saw on Bloomberg that Alibaba's recent quarterly earnings was about $83 million. This seems pretty meager for a company with a value, since it's IPO, of $8.5 billion. That, to me kind of takes the wind out of the Google comparisons.

I have to wonder how many Chinese manufacturers aren't already using Alibaba thus is it really going to grow exponentially as it's very high P/E suggests?

In short, e*Trade might have done us a favor keeping us out of this frenzy until the stock cools off. . .