Chinese e-commerce conglomerate Alibaba (BABA) first issued its record $25 billion IPO on the NYSE in September 2014. At the time, there was much fanfare from anxious investors eager to buy shares of the company. However, since then, Alibaba's public sentiment has fallen. Since its IPO, Alibaba's share price has mostly fallen, reaching a historic low of $79.54 per share on May 5th.
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Alibaba Larger Than Amazon & eBay
In the span of about a year, Alibaba (BABA) went from a massive, yet relatively unknown e-Commerce company (located in China), to being the largest IPO in U.S. history. On its first day alone Alibaba’s stock surged an incredible 38%, while simultaneously shattering records once held by companies like Facebook (FB) and Visa (V).
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The Largest IPO In History?
China’s many decades of growth and development have resulted in its gradual transition from an emerging economy, centered around manufacturing, to a developing economy, focused on services and consumerism. According to Bloomberg.com, last year was the first time China’s electronics industry outpaced the steel sector (a big deal).
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China's Twitter Twin
Last Thursday (April 17) Weibo (WB), a premier Chinese social media company, began trading on the NASDAQ. Weibo’s social media app is widely considered to be the “Chinese” version of Twitter (TWTR). Most interest in Weibo’s IPO stems from investor concern over future Chinese listings on American exchanges. For many prospective investors, Weibo is considered a case study meant to reflect the success of Alibaba’s future IPO.
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S&P 500 Darlings
Last week the stock market celebrated the five-year anniversary of the S&P 500 Index, since hitting its lowest point during the Great Recession. Over the past five years, the recovering bull market has rewarded a number of blue chip E-Commerce companies with soaring stock prices. However, there is also much skepticism surrounding the future of the market, leaving investors worried.
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