Isn't it a bit late for selling coins in order to buy Alibaba stock? Exchanges typically do not let you transfer fiat to 3rd party accounts. So I assume you have to transfer to your bank first, then to a stock broker. IPO was Thursday and retail sale is beginning this Friday, so the funds will probably not arrive on time to get in early?
Of course it is stupid story, although it sounds kind of possible on the first sight. Also IPO is not for chinese small people (maybe through some fund).
Are you stupid? Initial Public Offering means anyone w a brokerage account can buy
Its a US IPO. I think it is fair to say that most middle-class Chinese folk will not be buying it on the US exchange tomorrow.