Alibaba OS ADS CDR

Alibaba is going to have a CDR offering this summer.
Yesterday Altaba announced it was going to sell up to 100 million shares of BABA to fund a purchase of 195 million shares of AABA.

I suggest the 100 million shares BABA will be bought by a Chinese depository bank who issues CDR of Alibaba. each one CDR represents one share of BABA.

With its debut in Shanghai Stock Exchange, 1300 CNY per CDR is projected.

a

Alibaba	Ordinary share	American depositary share	Chinese depositary receipt
	OS	ADS	CDR
Stock exchange	NA	New York Stock Exchange	Shanghai Stock Exchange
Ticker	NA	BABA	600xxx?
Ratio	1	1	1?
Price per share 6/8/2018	NA	$205	1300 CNY?

a

Alibaba	American depositary share	Chinese depositary receipt
	ADS	CDR
Stock exchange	New York Stock Exchange	Shanghai Stock Exchange
Ticker	BABA	600xxx?
Key Date	2014 Sep	2018 summer?
Price	68 USD	1300 CNY
Share numbers	368 million	100 million
Total offering	25B	130B
Percentage of stake	14.9%	4%
Total valuation	168B	3250B
1st day performance	38%	?

Investment Theme for 20180104

Is there an investment theme for 2018?

1. Tech
2. Material
3. Industrial

Symbol Company Price Yield   Price Yield YTD % Chg NYSE / NASDAQ The 2017 Dogs of the Dow are listed in blue on 12/31/17 on 12/31/17   on 1/4/18 on 1/4/18 See Note 1 GE General Electric 17.45 2.75%   18.53 2.59% 6.2% IBM International Business Machines 153.42 3.91% 161.70 3.71% 5.4% DWDP DowDuPont 71.22 2.13%   74.45 2.04% 4.5% DIS Disney 107.51 1.56% 112.23 1.50% 4.4% XOM ExxonMobil 83.64 3.68% 86.82 3.55% 3.8% CVX Chevron 125.19 3.45% 128.11 3.37% 2.3% UTX United Technologies 127.57 2.19% 130.45 2.15% 2.3% AAPL Apple 169.23 1.49%   173.03 1.46% 2.2% JPM JP Morgan Chase 106.94 2.09% 109.04 2.05% 2.0% MSFT Microsoft 85.54 1.96% 87.11 1.93% 1.8% UNH Unitedhealth Group 220.46 1.36% 224.45 1.34% 1.8% V Visa 114.02 0.68% 116.08 0.67% 1.8% CSCO Cisco Systems 38.30 3.03% 38.99 2.98% 1.8% PFE Pfizer 36.22 3.75%   36.79 3.70% 1.6% AXP American Express 99.31 1.41% 100.85 1.39% 1.6% NKE Nike 62.55 1.28% 63.44 1.26% 1.4% MMM 3M 235.37 2.00% 238.71 1.97% 1.4% MRK Merck 56.27 3.41%   57.05 3.37% 1.4% CAT Caterpillar 157.58 1.98% 159.44 1.96% 1.2% MCD McDonald's 172.12 2.35% 173.70 2.33% 0.9% GS Goldman Sachs 254.76 1.18% 256.83 1.17% 0.8% WMT Wal-Mart 98.75 2.07% 99.54 2.05% 0.8% BA Boeing 294.91 2.32% 296.67 2.31% 0.6% JNJ Johnson & Johnson 139.72 2.40% 140.55 2.39% 0.6% HD Home Depot 189.53 1.88% 190.51 1.87% 0.5% KO Coca-Cola 45.88 3.23% 46.08 3.21% 0.4% VZ Verizon 52.93 4.46%   52.60 4.49% -0.6% PG Procter & Gamble 91.88 3.00% 91.18 3.03% -0.8% TRV The Travelers Companies 135.64 2.12% 132.40 2.18% -2.4% INTC Intel 46.16 2.36% 44.43 2.45% -3.7% Index Description Price Avg Yield Price Avg Yield YTD % Chg