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Because Wall Street sells junk like this to suck, er, retail investors and tells them financials don’t matter.
by valuearb 6y ago
Because Wall Street sells junk like this to suck, er, retail investors and tells them financials don’t matter.
- sangnoir 6y agoWall Street has little to do with this listing, which was unimaginable 5 years ago, as Jack Ma noted.
- valuearb 6y agoYou are correct. I was wrong in using Wall Street as a generic term for investment bankers when this is a record and ground breaking offering on Shanghai and Hong Kong exchanges. Still it’s being priced by Chinese bankers at such a ridiculous level that it is almost certain to work out very poorly for buyers.