in what appears to be the largest IPO ever ALIBABA should be coming to the street …pushing the limits of 20 BB it’s something to be watched. Not for the John Q Public but for the banks Credit Suise, Goldman, Morgan Stanley, etc. are going to make 100’s of millions on this one. So, I don’t think they will let this one go by the wayside …
but here’s what’s interesting … we have the Chinese Yuan FX pair causing quite the unwind and a representative ETF, FXI, of China is on a clff …here, take a look:
this sure is an amazing dance to watch … kind of reminds me of the Blackstone (BX) IPO . These two charts should tell you the story:
the bears are getting hungry and this IPO is going to be one heck of a show. the biggest IPO in history couldn’t possibly end up w/ the same fate as BX? Could it …? Stay tuned …
