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Anonymous
Does IPO usually go down after the initial frenzy or this stock is different? Can buy 100 shares and keep?
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Elijah Lee
10 Dec 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
I'd buy Alibaba as part of a portfolio of stocks, not just one stock. The room for growth is still there, and many of my clients have asked on how to get in at pre-IPO, but not to the extent of the growth that occur if you had entering during the US listing. As Kelly has mentioned, the stock has traded for a while now, and secondary listings do little to boost the price of the stock. I'd expect it to trade sideways for a while, so you have to monitor and load up on it at a low.
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You should not aim to invest in this manner because if the share price falls, you do not know what would happen. Understanding the company is better!
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During IPO, stocks can go up and down. No ones will know. Alibaba is a little different as it is not a new company. So usually the stocks will trade near to the stock price that listed on thr main exchange. For alibaba is NYSE. If you think alibaba is undervalue and a good stock, you csn buy it then.
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I wont know the price movement of a stock. However that said Alibaba is similar to what Amaon of USA...
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I feel alibaba is a great company. However the valuation is a little high for me. But maybe it is because of high quality business usually trade at higer valuation.