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Everyone is crazy about Alibaba. At least hedge funds are. The biggest IPO ever is a major holding for the biggest managers, as reported by the Economic times.
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Viking Global Investors, Third Point and Soros Management are major holders of the Chinese internet sensation. Viking Global Investors has 11 million shares, Daniel Loeb’s Third Point has 7.2 million shares and Soros Management has 4.4 million.
Other major holders of the stock are Julian Robertson’s Tiger Management, Moore Capital, Leon Cooperman’s Omega Advisors and Barry Rosenstein’s Jana Capital.
The Alibaba IPO raised $22 billion.
