Alibaba Shares Jumped over 3% in Morning Trading

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Alibaba Shares Jumped over 3% in Morning Trading

Tiger Newspress2022-02-09

Alibaba Shares Jumped over 3% in Morning Trading. Softbank Said Additional Alibaba ADS Not Tied to Any Specific Future Softbank Transaction.Alibaba's recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.

"The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG," SoftBank said in a statement to Reuters.

E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, "might also suggest potential selling intention by SoftBank."

"Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS," Citi analysts including Alicia Yap wrote.

SoftBank's stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba's shares have fallen by 60% since highs in October 2020.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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SG2008
·2022-02-16
Nice
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MBE
·2022-02-10
Keep it up please!
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1
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Neelie78
·2022-02-10
Nice😎
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1
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Shirley Soh
·2022-02-10
Nice
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1
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Maky
·2022-02-10
If buy must be prepared to hold, that's my take.
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2
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PYing
·2022-02-10
Finally going up
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2
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LimLS
·2022-02-10
Hopefully what SoftBank said is true. But can't take their word for it. Last week there is rumours of ARM deal failure and NVDA come out to refute it. This week, SoftBank came out to confirm the rumour. So even SoftBank come out to refute this rumours, who knows if they will become true next month. Words from corporation nowadays don't worth a dime.
Reply
2
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Ryancrl
·2022-02-10
Continue to buy n hold for long term.. [Cool]
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3
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Toby_Chua
·2022-02-10
Baba should back to action in 2022
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3
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Joelchua
·2022-02-10
So what is it tied to then?
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2
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GeraldLee
·2022-02-10
Finally! About time!
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2
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Barbarazhao
·2022-02-10
Good to know
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1
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BGTAN
·2022-02-10
Ok
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3
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Jess261
·2022-02-10
OK
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2
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K20
·2022-02-10
[Cool]
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4
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ARIESan
·2022-02-10
Buy buy buy
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3
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puffygal
·2022-02-10
So can buy now?
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2
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649657be
·2022-02-10
What is that 1 billion shares for then?
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Ac85
·2022-02-10
Good
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Goodmeng
·2022-02-10
Great
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But can't take their word for it. Last week there is rumours of ARM deal failure and NVDA come out to refute it. This week, SoftBank came out to confirm the rumour. So even SoftBank come out to refute this rumours, who knows if they will become true next month. Words from corporation nowadays don't worth a dime.","listText":"Hopefully what SoftBank said is true. But can't take their word for it. Last week there is rumours of ARM deal failure and NVDA come out to refute it. This week, SoftBank came out to confirm the rumour. So even SoftBank come out to refute this rumours, who knows if they will become true next month. Words from corporation nowadays don't worth a dime.","text":"Hopefully what SoftBank said is true. But can't take their word for it. Last week there is rumours of ARM deal failure and NVDA come out to refute it. This week, SoftBank came out to confirm the rumour. So even SoftBank come out to refute this rumours, who knows if they will become true next month. Words from corporation nowadays don't worth a dime.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092000498","repostId":1154751327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096770992,"gmtCreate":1644472318700,"gmtModify":1676533931269,"author":{"id":"4101129971254420","authorId":"4101129971254420","name":"Ryancrl","avatar":"https://static.tigerbbs.com/6c3ef380d408e46dadf47dfddde1df2a","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Continue to buy n hold for long term..&nbsp;[Cool]&nbsp;","listText":"Continue to buy n hold for long term..&nbsp;[Cool]&nbsp;","text":"Continue to buy n hold for long term.. [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096770992","repostId":1154751327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096711514,"gmtCreate":1644459464170,"gmtModify":1676533929602,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"Toby_Chua","avatar":"https://community-static.tradeup.com/news/82ec063fd73ccbceee82eab015cdf3fd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Baba should back to action in 2022","listText":"Baba should back to action in 2022","text":"Baba should back to action in 2022","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096711514","repostId":1154751327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096719002,"gmtCreate":1644459086159,"gmtModify":1676533929426,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"So what is it tied to then?","listText":"So what is it tied to then?","text":"So what is it tied to then?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096719002","repostId":1154751327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096738358,"gmtCreate":1644458132561,"gmtModify":1676533929281,"author":{"id":"3574715591870441","authorId":"3574715591870441","name":"GeraldLee","avatar":"https://static.tigerbbs.com/7455e2a2eb175ec763af1f094563a53f","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Finally! About time!&nbsp;","listText":"Finally! About time!&nbsp;","text":"Finally! About time!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096738358","repostId":1154751327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096797375,"gmtCreate":1644457513884,"gmtModify":1676533929147,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Good to know&nbsp;","listText":"Good to know&nbsp;","text":"Good to 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buy buy&nbsp;","listText":"Buy buy buy&nbsp;","text":"Buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096708403","repostId":1154751327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096709523,"gmtCreate":1644455550486,"gmtModify":1676533928523,"author":{"id":"4103849032938940","authorId":"4103849032938940","name":"puffygal","avatar":"https://community-static.tradeup.com/news/2666e9c524dd6128c82746a687979cd3","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"So can buy now?","listText":"So can buy now?","text":"So can buy 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