The Revelation Of Alibaba'S Share Price Break

For any stock market, more excellent companies are needed to go public.

But excellent companies do not represent high return companies.

If the issuing price of these companies is too high at IPO, or when the IPO is subjected to market speculation, even the best companies will be overdrawn, and investors will not only be able to share the fruits of enterprise growth but also pay for it.

The lesson of PetroChina's A shares has been reproduced again in the Alibaba, which should be enlightened for the A share market.

In the recent decline of US stock market, the trend of Alibaba shares from China's "star shares" has received great attention from the market.

In the current round of US stocks' decline, Alibaba's stock price was dropping step by step, and by August 24th, the share price was directly below the issue price of $68.

On the same day, Alibaba opened at a low price of $58.16, dropping to a minimum of $58, closing at $67.48, closing at the issue price.

In the current round of decline in US stocks, Alibaba shares frequently hit a new low since the listing last September 19th and fell below the issue price in August 24th. This is indeed a matter of reflection.

After all, the trend of Alibaba has kept investors in the secondary market in a state of being stuck. Even if IPO is the winner, the result of long term shareholding is also a result of a poor outcome.

After all, when the company was listed in September 19th last year, the opening price was $92.7 on the day, closing at $93.89, or 38% on the first day of listing.

Alibaba's listing in the US last year was sensational.

The pursuit of people.

For example, the first road show was more popular than Facebook, and nearly 1000 people poured into the road show hall. The elevator was waiting for the elevator. It took about 40 minutes to wait for the elevator.

It is based on investors' popularity that Alibaba's IPO will eventually be priced at a ceiling of $68.

To this end, Alibaba IPO's financing amount is as high as 25 billion 30 million US dollars, not only the largest IPO in the history of the US market, but also the largest IPO in the world.

Alibaba also brought great shock to Hongkong stock market.

Alibaba's listing in the US is actually due to the passing of the Hongkong market.

The Hongkong market is the first choice for Alibaba.

However, because of the listing mode of Alibaba partners and the unique characteristics of shareholding structure, it is difficult to be accepted by HKEx.

However, despite the rejection of the listing of Alibaba by the HKEx, the Hong Kong Stock Exchange launched a discussion on the issue of different ownership structure in Hong Kong, hoping that it would eventually allow shares of different rights companies to list in Hong Kong. However, according to media reports, the Hongkong Securities Regulatory Commission has rejected the proposal of different rights of the same stock.

Of course, the biggest sensation caused by Alibaba's listing in the US is in the A share market.

In the face of Alibaba's listing in the US, public opinion has been bitterly grieved. They have questioned why the A share market can not keep Alibaba, while investors believe that Alibaba's listing in the US has made domestic investors lose the opportunity to share the growth of Alibaba.

The management took the opportunity to push the boat forward and modify the distribution system.

Threshold, allowing Internet Co and emerging industry companies to switch to gem on the third board after a year of performance losses.

And in order to meet the return of Alibaba and other stocks, the Shanghai Stock Exchange will also launch a new strategic emerging board. Even in the issuing system, the Shanghai Stock Exchange will create the conditions for the VIP share structure to return to the A share market.

And when the A share market is actively returning to China's stock market and extending its arms to the Internet and emerging industrial enterprises, the arrival of Alibaba's share price breaks the alarm for the A share market.

It should be said that

The representative of Alibaba is indeed an excellent company.

But good companies may not be able to bring returns to investors.

If Alibaba is listed in the United States, its stock price is even low or even broken, let alone the A share market.

If A shares are listed, the fate of investors in the A share market may be worse than the fate of American investors.

The performance of PetroChina A shares is the best case.