Richard Clarke and Peter Wedgewood from Fife Hamilton Associates speak about the Alibaba IPO.
Speaking of the announcement that Fife Hamilton Associates (FHA) have obtained a limited amount of Pre IPO Alibaba stock, FHA Chairman Richard Clarke, said "It is a very good purchase for us as we are looking to expand our retail client base. Although the majority of this stock went to our institutional clients, we were able to reserve a percentage of this stock which we will allocate to our private retail clients".
Peter Wedgewood, who is head of the retail client division at Fife Hamilton, added "In this very competitive market, what better way is there to enhance and expand our global presence than to participate in the biggest IPO in recent times? We aim to capitalize on this excellent opportunity for our existing and future clients".
"We know from the feedback from our own investors, that they are very keen to get involved in the Alibaba IPO and it is no exaggeration to say that it looks likely to be one of the largest IPOs in U.S. history. This IPO looks like it could be even bigger than Facebook was back in 2012. We're talking about a company whose growth potential over the next few years could be massive".
Fife Hamilton Associates was founded in 1986 as a full-service brokerage firm and has connections reaching out to every corner of the world. A Seattle based firm with an international outlook, Fife Hamilton provides the expertise and guidance investors and corporations need to succeed in a world setting.