/biz/ - Business & Finance

>>16212860
Alibaba used to trade on the Hong Kong stock market from year 2007 to 2012. Pic related is their stock price history chart back then (This graph use red for up and green for down in line with the Mainland Chinese convention). They ultimately privatized the stock in 2012 at 13.5HKD at the time which was same as their original IPO price at 2007. The move was being seen as betraying investors as investors who brought their stocks in the early days before the financial tsunami would not be able to profit from the upcoming growth from 2012 onward after experiencing the market slide with the stock during the financial tsunami. Many of those who have brought the stock back then sweared that they will never buy stocks of the same company again when they reenlist it even if they believe the company do have great growth potential, because of their dishonesty at that time.