Comments on: Getting Ready for Alibaba’s Big IPO

By: Sun

Sun — Fri, 26 Oct 2007 20:41:08 +0000

From what I know, the stock will be available. It’s just a matter of when we can buy it and at what price level. According to the rule, we will have to wait 40 days before we can trade the stock after it goes on to the open exchange. Thus, I am not too worried that we can’t buy this stock. We can buy it, but the price after the 40-day period may not be favorable any more. But you never know.

By: David

David — Thu, 25 Oct 2007 17:53:13 +0000

Hi,

I’d like to thank you for your post as well. I’ve been interested in this company since I heard about it during an ecommerce conference in China.

I would also like to know what you think is the best way to purchase shares during the IPO. You mention that the etrade account only allows limit orders, so I imagine you have to guess what will happen. Do you think the risk that you will be unable to purchase any shares at all is high? I am concerned that if you can’t purchase shares then you’d have to pay another fee and the cost of converting your funds back to USD.

Thanks.

By: Saj

Saj — Tue, 23 Oct 2007 19:23:17 +0000

Sun

Thank you for your excellent blog. Can you share your methodology on buying alibaba.com stocks when it IPO’s.
Do you have to do something special that day..like staying up late at night when the HK market opens etc etc. What price do you typically get the IPO etc?

Thanks

Saj

By: Jade

Jade — Tue, 23 Oct 2007 17:58:15 +0000

Thank you for this post. It is really inspiring. Since you talked about the high cost to have E-trade Global Account, have you checked if you can open an account with a Chinese broker, e.g., Bank of China International, which may allow you trade in HK stock market and also offer lower fees?