Dow Jones - Shares in Alibaba.com Ltd. (1688.HK) nearly tripled on their Hong-Kong trading debut, after the company raised US$1.5 billion in one of the biggest initial public offerings by a Chinese Internet company.
Despite the strong debut, analysts said the shares are overpriced at the current level and far detached from the company's fundamentals.
Some analysts had even called the IPO price expensive, though many had predicted the shares would double when they hit the market because of robust investor demand for the strongly branded company.
> Alibaba's $25 Billion Day
No comments:
Post a Comment