Alibaba Group Holding Ltd (BABA)

[ThePennyDoctor]

You are correct that some retail got in at $68. I was not able to personally, but have some friends whose brokers hooked them up with shares. As you said, they offered them up the day before the IPO (basically, a guaranteed buy at $68 for the next day). Many of the brokerages offer this up to there important clients as a way to generate/keep business. I am still ticked I could not get any at $68; everyone knew this was going to open higher - it was as close to guaranteed money as we can get on the market. I don't use a particular broker to whom I pay trading commissions - I am guessing only those who use a particular broker were offered up shares at the IPO price (ie, you need a personal relationship with a broker that manages your account it seems to get this deal - of course, normally, such brokers are a damn ripoff and offer limited to no value beyond what you can find yourself with a bit of research). I self manage all my accounts as it is important to minimize trading fees as a day-trader.