‘Lots of whining by hedge funds’
News Corp reporter Tom Lauricella says hedge funds likely didn’t take kindly to the fact that the IPO allocation apparently focused on institutional investors:
About half of Alibaba shares go to 25 firms – likely long term investors. Lots of whining by hedge funds likely $BABA http://t.co/b5sWeIibIc
— Tom Lauricella (@LauricellaTom) September 19, 2014