Alibaba floated

[crackah]

Biggest float of a .com company since google.

Very interesting. Valued at 23 billion.

When will this bubble burst! seriously! that is a insane amount of money, for a website.

What do people think here, is it massively overvalued? i think it is.

Alibaba soars in biggest net float since Google - Times Online

Shares in Alibaba.com, the world's biggest online marketplace for international and domestic Chinese trade, more than doubled on its debut in Hong Kong yesterday, making it Asia's second-largest Internet company by market value after Yahoo! Japan Corp.

Alibaba, founded and chaired by Jack Ma, a former schoolteacher, in 1999, is trading at about 140 times next year's estimated earnings as shares rocketed from the initial offering price of HK$13.50 (83p) to HK$35.75 (£2.21).

That values the eastern China-based company at about $23.3 billion (£11.2 billion) and reflects the voracious appetite for China-related stocks, despite global uncertainty caused by the US sub-prime mortgage-related crisis.

[rossco1]

hmm quite amazing.

i always thought alibaba was full of scams? Maybe they have resolved that issue...

[crackah]

Yeha, that was my impression of it.

Its MASSIVELY over valued imo.

[jasaunders]

No, the reason it is valued so high is because of the current economics of the Chinese economy. People in China have more savings than ever , their middle class is rapidly growing, their GDP is skyrocketing, but they have a communist government that restricts foreign investments. A lot of people in China keep their money in banks with low interest rates because they have nowhere else to invest. When a company such as Alibaba comes along and provides a lucrative investment option for the average chinese citizen, the value becomes grossly overstated because investments flood into it.

[crackah]

Just wait for a correction, lot of people will lose money.

[Purple]

hmm quite amazing.

i always thought alibaba was full of scams? Maybe they have resolved that issue...

same thing here, never really bothered with it, because i thought it was just a website of scams.

[yourhostingspot.com]

I know someone who did use it and got scammed. I also believe that it is overvalued. I don't know how the average chinese citizen can invest into this site. I believe that it helps businesses U.S. and Chinese, which can help the Chinese citizen possibly make more income, but not solve the problem of investing.

[Aletheides]

I found a lot of chinese suppliers a couple years back on Alibaba.. They aren't all scams, you just have to order samples and be smart.

[Josephian]

yeah i never got the hang of it..

[BerlinaBlackS2000]

yeah, i agree its either scams or cheap knock off products. There are SO many suppliers over there to choose from and finding a legit seller...can be difficult.

[getit4u]

You dont have to go there. I can take care of you right here in the good old U.S.A.

[Hooman]

I think it's overvalued. You really have to spend hours to find legit suppliers.

It might be 'valued at 23 billion' but I highly doubt anyone would pay that much for it. Besides, value is subjective.