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Monster IPO's and market tops Historically, the largest initial public offerings (IPO's) tend to happen closer to market tops than bottoms

Daniel Weston

Aimed Capital

Monster IPO's and market tops Historically, the largest initial public offerings (IPO's) tend to happen closer to market tops than bottoms. Which makes sense, sellers of a new issue smell the hunger of investors in a bull market and decide it is time to get cash in or cash out of a roaring company and let the public market provide the liquidity. On Friday, we saw a monster, Alibaba raised a record $25 billion dollars, the shares were sold at $68 a share, closed the first day of trading on Friday at $93 which puts the companies value at $231 billion dollars. Making Jack Ma a very happy lion king. But if history is any measure, the biggest of IPO's have not fared too well in the past fifteen years or so after the initial excitement. Read more... (VIEW LINK)


Daniel Weston
Daniel Weston
Chief Investment Officer
Aimed Capital

Running the Aimed Global Alpha - Macro Hedge Fund. Aussie. Trader. Investor. Coder. Cricketer. Skier. Surfer. Flyer. www.aimedcapital.com

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