NEW YORK (TheStreet) -- September had Wall Street scrambling to get a foot in the door on Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report , and with the stock surpassing the $100 mark this week, those who did are surely patting themselves on the back.
Investment success, however, is about more than getting an initial piece of the pie. In fact, some of China's most successful technology initial public offerings have taken quite a while to bloom, and billionaires such as Chase Coleman,Steve Mandel and George Soros have managed to time it right.
Worried about missing the boat on Alibaba? Here are three reasons not to fret:
Online retailer Vipshop had a rough debut on the New York Stock Exchange in 2012, and that is putting it lightly. It raised 39% less than its IPO target, dropped 15% on its first day of trading and by six months after going public had gained just 0.5%.
Last year, things began to turn around for the company, and both George Soros and Chase Coleman have reaped the benefits.
Coleman's Tiger Global got its feet wet with the investment in the first quarter last year, purchasing 850,000 Vipshop shares and selling them off during the next quarter. In the fourth quarter last year, it came back around on the stock, buying up 1.46 million shares.
As of the second quarter this year, Tiger Global owns 2.43 million shares, nearly double.
Soros, on the other hand, bought into Vipshop in the third quarter last year with the purchase of 101,000 shares. As of the second quarter this year, he holds 475,000 shares
On this one, the proof is in the numbers: Both billionaires have gained more than 100% on their Vipshop investments in less than a year.
As with Vipshop, Coleman has also worked to time it right on Bitauto, which went public in November 2010 at $12 a share. The billionaire waited to buy into the company until the first quarter of 2011 and over the following year and a half watched the stock's price dwindle.
Coleman again bought into Bitauto in the fourth quarter of 2013 and sold them off the following quarter, that time, for a profit.
But the billionaire waited until later in the year to make his biggest Bitauto bet.
On Sept. 3, Tiger Global took up a 14.9% stake in Bitauto with the purchase of 6.57 million shares. The company's share price has dropped 8.4% since, but Coleman seems to think it has more to give.
Chinese Internet search provider Baidu made an enormous splash with its IPO in 2005, soaring 354% on its first day of trading.
Although a number of hedge funds and investors have come and gone on the stock over the years, it is Steve Mandel and David Tepper who have made major gains off of its recent run.
Mandel picked up 5.29 million Baidu shares in the third quarter last year, and as of his most recent 13F filing holds 8.9 million shares, meaning that the company has a 6.74% allocation in his equity portfolio. Tepper picked up 206,000 Baidu shares in the fourth quarter last year and maintained them through the first and second quarters this year.
Both seem to have hit the nail on the head in terms of timing with this one, as Baidu has climbed 28.72% this year and 43.67% over the past year.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.