FinancialSpreads Alibaba IPO Grey Market Spikes 10% Higher
Summary
In 2014 these specials have included IPO grey markets on Alibaba, TSB Banking Group and Zoopla.FinancialSpreads is a trading name of London Capital Group Ltd (LCG) which is authorised and regulated by the Financial Conduct Authority.London, United Kingdom, September 04, 2014 --( PR.com )-- FinancialSpreads, the UK spread trading and CFD trading company, has seen its Alibaba IPO grey market spike 10% higher.Since April, FinancialSpreads has been offering clients a grey market which is based on Alibabas market capitalisation at the end of its first day of trading on the New York Stock Exchange.The grey market on the Chinese ecommerce giant originally opened at 180 - 190 points, where each point is $1bn.Therefore FinancialSpreads was estimating that the Chinese company would IPO at around $180 - $190bn, making it one of the biggest ever IPOs.At $180bn that would be far larger than the Facebook ($105bn) or Twitter ($25bn) IPOs.There is currently a delay with the IPO because the SEC has reportedly asked Alibaba for more details on the structure of the company.Each month the firm also creates a market on the key US Nonfarm Payrolls employment figure.FinancialSpreads is a trading name of London Capital Group Ltd (LCG) which is authorised and regulated by the Financial Conduct Authority.