Alibaba'S Stock Price Surged On The First Day Of Opening

The group's share price rose 38% on the first day of the NYSE listing, and the largest number of US funded long term funds were allocated to new stocks. Most mainland investors, such as those participating in the fund's products, went out to sea, but felt lost. Some of the related information management products sold by some public fund subsidiaries and three party financial institutions were not collected.

Statistics show that nearly 900 domestic and foreign agencies have not been allocated, involving hundreds of billions of subscription funds.

The largest allocation of domestic institutions is the $150 million of China Life Insurance, "Ali IPO love long-term investment insurance funds, do not like to make money and run.

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Market participants pointed out.

As the market has already received the wind of "Alibaba pricing will be reasonably low", agencies generally believe that "buy is earned", so the market "Ali hit the new" smoke, and the threshold is not low, retail investors are asking for 250 thousand to 500 thousand U.S. dollars, the mainland fund calls for new customers 1 million yuan to start.

But even with such a high threshold, a large number of retail investors are still involved.

But in the end, the winners are not mainland institutions.

The results show that nearly 1800 institutions in the world subscribed for more than 300 billion US dollars and subscribed 14 times.

The final placement was 10% to retail investors, 20% to international investors, and 50% to the number of shares allocated.

The top 25 of the large institutional clients were allocated 50% of the allotment shares, accounting for 83% of the total 100 of the top institutional clients.

Mainland non insurance institutions are allocated less

The insurance companies are the ones with the largest quota. The largest amount is China Life Insurance (150 million US dollars). The mainland's non insurance institutions are generally less qualified, and the IPO related information management projects are not completely annihilated.

Among them, the most matched one was the Huaxia Fund, which received a quota of US $20 million.

In addition, the Financing Fund ranked 398th in nearly 1800 subscriptions, about about 2000000 US dollars.

Harvest capital, a subsidiary of harvest capital, sent text messages to investors last weekend, saying, "the special asset management plan of the 1, 2, 3 and 9 investments of the harvest capital of the harvest capital has not been awarded the new IPO shares of Alibaba."

It is reported that harvest capital to participate in the new special asset management plan to raise funds over 2 billion yuan.

There is another announcement on the Internet that more than 600 million of Jiangsu's funds have not yet been allocated.

Some funds from China's Hongkong region have also been very rare.

"Hong Kong stock through" micro-blog said that Hongkong fund manager complained that the main U.S. investment bank as a distributor of Ali, late that night to nearly 9 hours, only to inform the results of the purchase, the proportion was very low.

It is reported that a large number of fund and institutional investors have subscribed about 500 million HK $Ali shares to US investment banks, and only 500 shares have been sent. The success rate is only about 0.05%.

A large sum of funds from mainland funds will be refunded to all the subscriber fees.

The mainland fund also has many complaints about the strength of Alibaba.

A person close to the Harvest Fund revealed that before the purchase, the other side (Alibaba and Underwriters) vowed to ensure that there was a channel, and the result was not yet in the end, but investors had pressed a lot of money for more than half a month.

It is reported that at present, through the harvest channel to participate in New Zealand's Noah wealth, profits and other institutions have been coordinating the refund.

Noah wealth related responsible person said, next will refund to investors, will not charge fees.

The China wealth management research institute said that investors who had subscribed to the harvest capital Ali 7 through profits would also receive a refund within 10 working days.

The person said that investors will not have capital losses, subscription fees will be refunded, investors may lose some of the cost of capital occupation.