Jim Cramer Says Hold Your Horses on Alibaba Until It Prices
Chinese e-commerce giant, Alibaba, kicked off its roadshow as it gets ready to go public in what could be the largest stock market debut ever in the United States.
Chinese e-commerce giant, Alibaba, kicked off its roadshow Monday morning as it gets ready to go public in what could be the largest stock market debut ever in the United States. The company is looking to raise more than $21 billion in an IPO valuing the company at up to $163 billion. Jim Cramer says hold your horses on Alibaba, don't put in for orders because we simply don't know yet what price the deal is going to come in at. He likes the company's numbers but says the ownership is very convoluted. Cramer says investors should also keep in mind the lessons of Facebook and Twitter. For now, Cramer says, follow the roadshow, make a decision as we get closer, don't decide now.









