Jim Cramer Says Try to Get Your Hands on Some Alibaba Stock
Alibaba, the Chinese e-commerce company's initial public offering is set for September 19th in what is expected to be one of the biggest initial stock sales of all time.
Alibaba, the Chinese e-commerce company's initial public offering is set for September 19th in what is expected to be one of the biggest initial stock sales of all time. Jim Cramer says try to get some shares. The price range is expected to be around $60 to $66 a share, though that may increase due to strong demand. Cramer says he wouldn't want Alibaba north of $200 billion which is what Facebook is valued at. He says keep an eye on that level, that's the absolute market cap. Because of the interest in Alibaba, Yahoo, which owns a 22 percent stake in the e-commerce company, is trading near an all-time high.









