This IPO Makes Alibaba Even More of a Buy

That’s just one of the reasons to buy BABA…

This story was originally published here.

Alibaba (NYSE:BABA) is a stock I have loved, and the recent price action has been rewarding for those who are long. Alibaba stock burst higher on July 8, rallying 9% to new all-time highs.

The action comes after several strong days of gains, with BABA stock up 15% so far this week and almost 20% for the month of July. In short, this stock has been a monster and Ant Financial’s potential IPO only makes it more attractive.

Alibaba holds a 33% stake in Ant Financial, which is seeking an IPO in Hong Kong. The company is looking at a valuation of more than $200 billion, with plans to sell 5% to 10% of its shares.

It’s not clear how much of its stake Alibaba may pare down in the offering. Whether it does or not though doesn’t matter, as investors will want to see how Ant performs in the future.

That is, if the stock appreciates, so too will Alibaba’s stake. Sad as it may seem, many investors in Alibaba may have very well not even realized it has a stake in Ant Financial. That may help explain why shares rallied 9% on the day and gained momentum through the trading session, as they made this realization.

Obviously the potential IPO won’t happen overnight, but it should be viewed as a positive catalyst for Alibaba. For me, Alibaba’s stake in Ant has been one of the reasons I’m bullish on BABA. Thankfully though, there are other reasons to consider a long position too…

Editor's Note: To keep reading, click here.

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