www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Short sellers expect Alibaba price slide

By Bloomberg (China Daily) Updated: 2014-09-27 15:10

Short sellers expect Alibaba price slide

Traders gather at the post where Alibaba Group Holding Ltd is traded on the floor of the New York Stock Exchange September 22, 2014. [Photo/Reuters]

Short sellers are making their first bets on a retreat in Alibaba Group Holding Ltd a week after the company priced the world's biggest-ever initial public offering.

Bears who profit from price declines have sold short 8.9 million shares, or about 2.4 percent of Alibaba's listed stock, according to data compiled by Bloomberg and Markit, a London-based provider of financial information.

The Hangzhou-based company, China's biggest e-commerce operator, sold 368.1 million shares in the IPO.

Short sellers expect Alibaba price slide
Alibaba's shares down for second day
Short sellers expect Alibaba price slide
Top 10 richest individuals in China

"Out of the gate we see high demand to borrow shares of Alibaba," Andrew Laird, a New York-based product specialist at Markit, said in an e-mailed response to questions. "This is a relatively small amount compared to the total shares outstanding but still significant considering the limited supply that is available to borrow following an IPO."

Demand from investors seeking exposure to China's e - commerce industry allowed the company to raise $25 billion, surpassing the previous IPO record held by Agricultural Bank of China Ltd's $22.1 billion sale in 2010.

The stock fell on three out of four days this week after rallying 38 percent on its first trading day, the biggest price increase for a new stock offering of at least $10 billion, data compiled by Bloomberg show.

The interest rate for borrowing shares of Alibaba, or indicative fee, was 8 percent on Wednesday, according to Markit, compared with an average rate of less than 0.5 percent for members of the Standard & Poor's 500 index. Tapping securities on loan is the first step in a short sale, where a bearish trader borrows a stock and sells it, hoping to profit by replacing it at a lower price.

"Investors are willing to pay handsomely to gain short exposure," Laird said.

Alibaba declined to comment on the short selling in an e-mailed statement.

Prior to Alibaba's IPO, four of the five largest companies to list on US exchanges - including General Motors Co and Facebook Inc - plunged more than 17 percent in the year after going public. The exception, Visa Inc, soared 28 percent raising $19.7 billion in 2007.

Alibaba is trading at about 34 times estimated earnings for the next 12 months, according to analyst projections compiled by Bloomberg.

The Bloomberg China-US Equity Index has a multiple of 17, while Alibaba's e-commerce competitors Vipshop Holdings Ltd and Jumei International Holding Ltd trade at multiples of 46 and 27, respectively.

A gauge of seven China-listed companies that either sold stakes to Alibaba or have partnerships with the e-commerce business rose 1.4 percent to the highest level since May 2008, while the Shanghai Composite Index rose 0.1 percent at the close on Friday.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: a级在线观看视频 | 成人免费国产欧美日韩你懂的 | 午夜三级网| 91久久国产精品 | 亚洲国产成人99精品激情在线 | 欧美3p精品三区 | 欧美成人高清性色生活 | 免费人成在线观看 | 国产福利精品在线观看 | 99久久国内精品成人免费 | www.av免费| a级日韩乱理伦片在线观看 a级特黄毛片免费观看 | 欧美 日韩 国产 成人 在线观看 | 成人午夜视频一区二区国语 | 毛片免费在线观看 | 欧美中文字幕一区二区三区 | 国产高清在线精品一区 | 亚洲欧美日韩精品永久在线 | 国产高清精品一区 | 久久久久久久国产精品毛片 | 国内精品不卡一区二区三区 | 欧美一级欧美一级在线播放 | 未满14周岁啪啪网站 | 国产免费人成在线看视频 | 久草中文视频 | 免费一级毛片在线播放视频 | 美女毛片免费 | 免费高清毛片在线播放视频 | 国产福利不卡一区二区三区 | 高清性色生活片久久久 | 免费观看日本特色做爰视频在线 | 中文字幕在线观看一区二区三区 | 91色综合综合热五月激情 | 一区二区三区免费观看 | 99精品久久99久久久久 | 97超视频在线观看 | 免费一级a毛片免费观看欧美大片 | 成人欧美一区二区三区在线观看 | 韩国免费特一级毛片 | 亚洲国产欧美在线人成精品一区二区 | 久操影视 |