Alibaba’s shares are Swedes new favorite – Business Week

Alibaba's shares are Swedes new favorite – Business Week

Even the Swedes love Alibaba, but the course rushed so fast during Friday’s IPO that only a quarter of those who wanted to buy the stock actually got it.

The Chinese e-commerce giant Alibaba is after Friday’s listing in New York for the sixth most-owned US equity among Avanza customers – this despite the fact that only every fourth purchase order went through in the rapid price increase. According to the statistics Direkt seen.

“One of the four desired Alibabaköp went through last Friday. Course rushed so fast that many buy orders were not carried out., It paves the way for continued interest. Saver looks Alibaba as a consumer company and not as a technology company. This means that more ordinary investors are interested in and not just techies, “says Avanza savings economist Claes Hemberg to Direkt noting that including Netflix and Facebook poked into the top 10 list for US shares.

FRIDAY’S NOTE: After a record level – Alibaba is bigger than Amazon and Ebay together

Netbank customers so far has backed Alibaba shares for 35.2 million SEK 760 shops and 630 customers now owns Alibaba, with an average value of over 37,000 dollars on the depot. “I could see over 600 Swedish Alibaba owners in the statistics. This means that somewhere 3,000 Swedes teach owning shares today., It can weak appreciation for what we have seen in previous comparisons,” continues Claes Hemberg.

According to sources to the Wall Street Journal and the Financial Times considering Alibaba to use their over-allotment option, which would bring the IPO to $ 25 billion – the highest ever in all categories. Alibaba as last Friday rushed from quoted market prices at $ 68 to $ 99 eventually closed 38 percent higher at 93:89 dollars. Based on the course, Alibaba has a market capitalization of over 230 billion dollars, more than Facebook and Amazon.

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Financial Times Lex column notes that Alibaba, according to a handful of analysts’ estimates, now trades at more than 40 times this year’s projected earnings and the company’s margins and valuation will invite stiff competition.