Alibaba: Some Quick Stats

Some quick stats on the outta-control Alibaba IPO today in Hong Kong:

  • A triple on the day
  • Raised $1.7-billion for 17% of the company’s shares
  • Trading at 320x 2007 earnings
  • Earnings growth 62%

Nutty, especially considering management went so far as to defend the current valuation, calling the play on China e-commerce growth. Oh, ouch.

Comments

  1. I wish someone would order Alibaba to ban all sales and listings of shark fins on their site. The slaughter of sharks worldwide is a huge problem with all kinds of bad ecological consequences, and to think that Alibaba has apparently become the #1 site to buy shark fin products is pretty sickening. I wonder if Yahoo, 40% owner of Alibaba, is aware of this.