Technology Stocks
Alibaba Group Holding Limited
An SI Board Since August 2014
Posts SubjectMarks Bans Symbol
543 68 0 BABA
Emcee:  Glenn Petersen Type:  Moderated
Alibaba Group Holding Limited, China’s largest e-commerce company, is planning an initial public offering that could raise as much as $20 billion, which would make it the largest IPO in U.S. history. The IPO is expected to give the company a post-offering valuation somewhere in the vicinity of $200 billion.

The company has set the initial price range for its shares at $60 to $66 per share, valuing the company at approximately $155 billion. Alibaba’s road show is expected to begin on September 8. The pricing will be finalized on the evening of September 17 and the shares are currently scheduled to begin trading on the morning of September 18 under the stock symbol BABA.

The fast growing, hugely profitable Alibaba is not without controversy. Alibaba’s corporate governance structure is unorthodox and Jack Ma, the company’s CEO, has a reputation for making quick decisions and closing on investments and acquisitions without a lot of due diligence. Of course, the same could be said of Mark Zuckerberg. Moreover, some of Alibaba’s acquisitions have raised conflict of interest allegations against Mr. Ma. Also, it was recently disclosed that Alibaba’s IPO will result in a windfall for some of the relatives of China’s leaders. Transparency is one of my concerns.

Alibaba’s largest pre-offering shareholders are Softbank (34.3%) and Yahoo (22.5%). Jack Ma, the founder of Alibaba, owns 8.9% of the company. Yahoo is contractually committed to selling a bit less than 27% of its position in the IPO. The remainder of the shares will be locked up for one year.

This board has been created for the purpose of discussing Alibaba’s stock price, financial prospects, actual results, management decisions and the merits of its business model. It is neither a Bulls nor a Bears board and all opinions are welcome. Hopefully, we can avoid the “to the moon” and “Alibaba sucks” commentary.

The board is moderated and my expectation is that everyone will be civil to one another. Pretend that your mother is reading the board and that she knows your virtual handle. No name calling and please avoid engaging in political commentary unless it has a specific bearing on Alibaba.

SEC filings:

Alibaba website:

Revenue (millions)
Three months ending June 30, 2014: $2,542
Year ending March 31, 2014: $8,463

Net earnings (millions)

Three months ending June 30, 2014: $1,990
Year ending March 31, 2014: $3,720

Earnings per share (fully diluted)
Three months ending June 30, 2014: $.84
Year ending March 31, 2014: $1.61

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543From Barron's today: Shares of Alibaba (BABA) are lower this morning, Paul Senior-last Friday
542Alibaba to Invest $200 Million In India Online Grocer By Saritha Rai BGlenn Petersen-December 9
541" @realDonaldTrump did you realize that 5pct of the increase in stock markezzpat-December 7
540As you may know, China taxes companies that don't have EVs and gives the monzzpat-December 7
539Ford recruits Alibaba to help break into China’s electric vehicle industry techcJakeStraw1December 7
538Mark Cuban refers to Alibaba: The Math Behind Mark Cuban’s Trump Tweet BloombSr K1November 23
537Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline reGlenn Petersen-November 20
536 Intelligent moves Singles’ Day is a good example of how?China is moving ahead iJulius Wong1November 17
535 How Alibaba Group Holding Ltd Soon Will Surpass Wong-November 17
534On watch for clear above 191.22. [graphic]hollyhunter-November 13
533OT, FYA: Jet Li vs. Jack Ma [facebook video]zax-November 12
532Alibaba Group Generated US$25.3 Billion (RMB168.2 Billion) of GMV During the 201Sr K-November 12
531I participated in SingleS Day by placing orders today with several retailers opePaul Senior1November 11
530Potentially significant for BABA: h/t John P China's Big Bang Moment OpensGlenn Petersen-November 10
529Alibaba Group Generated Nearly US$12 Billion of GMV in the First Two Hours of thJakeStraw-November 10
528 Short Sellers Shudder at Alibaba’s Share Surge blogs.wsj.comJulius Wong1November 6
527More detail: Alibaba Caps $250 Billion Rally With Accelerating Growth bloomberGlenn Petersen-November 3
526 Alibaba Target Price Raised to $240 by Daiwa barrons.comJulius Wong-November 3
525Alibaba’s Earnings Jump as China’s Online Shopping Boom Continues By RAYMOND ZHGlenn Petersen-November 3
524On WSJ an hour ago: The Chinese government is pushing some of its biggest tech Sr K-October 11
523Alibaba says it will invest more than $15 billion over three years in global resGlenn Petersen-October 11
522Alibaba Group Holding Limited is now covered by analysts at Credit Suisse Group.JakeStraw1October 3
521Alibaba said it plans to invest over $15 billion in the next five years to develGlenn Petersen-September 27
520WSJ Monday pre-market, and on page 1 Tuesday: World’s Largest Money-Market FunSr K-September 26
519Alibaba Group Holding Limited is now covered by analysts at Cantor Fitzgerald. TJakeStraw-September 22
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