Alibaba (BABA) Score Raised at Triton Research Ahead of IPO
Get Alerts BABA Hot Sheet
Price: $72.63 +2.76%
Rating Summary:
33 Buy, 8 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
33 Buy, 8 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Triton Research boosted its score on the upcoming IPO for Alibaba (NYSE: BABA) from 7.0 to 7.1, which is considerably higher than the firm's 6.55 average score.
The update follows the the Company's S-1 Amendment on September 5, 2014. Alibaba plans to sell ~320mn ADS and sees an offering price of $60-$66 per share.
The firm lists the Bull Case and Bear Case for Alibaba below:
Alibaba is expected to price its IPO on September 18th, with shares opening for trading on September 19th.
Triton Research’s has a 114 page report on Alibaba available to clients.
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