Yes. Alibaba—like China—is big. It just had the biggest IPO in the history of the United States, raising $25 billion. The question is: How did it get so big and does its size help it compete in other countries like the United States?
One thing is for sure: Alibaba’s IPO is going to be huge. The answer to other questions, such as valuation, use of capital, and the track record of Chinese stocks on U.S. exchanges are less obvious.
Yes. Alibaba—like China—is big. It just had the biggest IPO in the history of the United States, raising $25 billion. The question is: How did it get so big and does its size help it compete in other countries like the United States?
One thing is for sure: Alibaba’s IPO is going to be huge. The answer to other questions, such as valuation, use of capital, and the track record of Chinese stocks on U.S. exchanges are less obvious.