Alibaba now available for live trading! Our market research is available here and is also available on CC WebTrader.
“Enthusiasm is building on the Alibaba IPO with less than 3 hours to U.S. trading begins. The IPO price is set to $68 translating into a market value of $167 billion. Grey markets are currently pricing Alibaba shares at $89 which is just below average fair value estimates of $90. We are also seeing record orders on the Alibaba IPO dwarfing the activity we saw at the Facebook and Twitter IPOs.
It is important to stress that the “grey market” currently pricing Alibaba at $89 is only an indication outside the regulated exchange market and thus is not a valid point estimate for the open, but it gives an indication of the sentiment…”
Below are some frequently asked questions about the issue. For further information contact +356 25 688 688 or email [email protected]
FAQ – Information to Investors
PRIMARY MARKET (IPO)
Q: What is the expected IPO pricing date?
A: The expected date is currently 18 September 2014.
Q: When is the expected first trading day?
A: The expected date is currently 19 September 2014.
Q: Is Calamatta Cuschieri offering access to the primary market/book-building?
A: We will be book building and applying for shares at IPO stage, however allocation is not guaranteed. Investors will however definitely have the opportunity to trade on the secondary market as soon as the stock beings trading. More information about this is available below.
Q: How can I apply?
A: If you would like to register your interest kindly send an email to [email protected] quoting the amount you would like to apply and your client code. You can also use the webtrader secure messaging system.
Q: When will clients be able to create orders in CC WebTrader?
A: As soon as we have a reference price, at earliest after market close on the day prior to first
trading day (i.e. after US-markets close on 18 September 2014).
Q: Will orders placed before the first trade, participate in the initial matching/opening auction?
A: Yes, if clients have created a Market Order prior to first trade it will be filled at the auction price
on the first trading day.
Q: What will be the symbol code for Alibaba Group in CCWebTrader?
A: The ticker will be BABA.