Rafael Sosa’s Weblog

Call me old, but am I the only one that remembers the Palm IPO? OK, so I was among the cattle desperately trying to get shares of Palm, back in the day – March 2000. Now, something with Alibaba smelled very similar to that Palm IPO…

March 2000:

• Palm IPO rises 150% by closing bell
• Palm closes opening day with a $53 billion market cap
• Main Palm shareholder 3com rises drastically as a result of Palm’s market cap

November 2007:

• Alibaba IPO rises 193% by closing bell
• Alibaba closes first day of trading with a $25.7 billion market cap
• Main Alibaba shareholder Yahoo! drops 4.6%???

OK, so Mr. Yang is in the hot seat, but is it so serious as to discount the more than $6 billion they just made off of the Alibaba IPO, plus a nearly $2 billion more in the drop of today?

Then again, investors could be discounting the huge dot-comish PE that Alibaba carries.

Oh, and for those of you wondering how Palm did ever since that monumental IPO… PALM Market Cap:  $0.9 billion