阿里巴巴港股增发、软银发债与比特币反弹

After a restful weekend, Alexis Christoforous. It's a podcast, numerous times per day. Stock movers. She does it best. You're poking the bear here, Tom, I got to tell you, uh, you and I were both here this weekend, so we've got shares of Alibaba, uh, ticker symbol BA ba down 1.5% here in the pre-market. So Alibaba raised the equivalent of 0 billion in Hong Kong's biggest ever secondary share sale. And this is to help fund guess what?

It's an investment in AI and data centers and large language models. Uh, so the share placement is expected to dilute earnings and hurt stock performance in the near term, according to analysts. That's maybe why the stock is under pressure. Meantime, the fundraising is going to help drive AI led growth, and the impact on earnings will be limited if the company analysts say can improve, um, their I pay offs and can prove that all of that investment is worth it in the end.

All right. We know the equity markets open. So the bond markets as well as big tech players okay. Yeah. Don't we go all right let's move uh to Japan SoftBank uh trading in Japan down more than 5% right now. Uh it plans $6.3 billion retail bond sale. That is the biggest by any issuer in Japan. Uh, SoftBank is, uh, looking to raise funds for its investment commitments to all. Again, I see a trend in I o the seven year bonds expected to be priced on September 4th.

They're going to have an indicative coupon range here of 4.3 to 4.9%. I'm glad you bring this up. Should we think that at the end of the summer there should be a couple bond transactions this week? Uh, I mean, I'm surprised. I'm maybe and I think coming back from Labor Day, which is late this year, by the way, it is. I just noticed that, yeah, the kids on 17th Labor Day, uh, of course we're off. Yeah. Of course. Oh, but I think we get a bunch of equity filings as well, which could be very cool.

Anthropic is the one I'm waiting for. It's going to be a busy fall, guys. We're going to get some rest here. But let's remember alphabet. Meta Microsoft Amazon they Honeywell I mean, they're the four largest players in the data center race. And they're all out there with their raising money with the bond sale. So SoftBank along for the ride. And then we've been talking about Bitcoin a lot lately. And for good reason.

It has been our rallying. It is now at $79,275. That 2.5%, which I have to tell you earlier today it was below 77,000. Yeah. So, um, uh, Coinbase, Robinhood, BitGo, they sort of are ebbing and flowing along with the price of Bitcoin. Uh, shares of uh, companies sort of tied to crypto, um, uh, slipping today a little bit. But again we're seeing Bitcoin come back. Also by the way inflows into Bitcoin ETFs hit their highest level all year long last week.

So money continuing to flow in. And I also just want to mention according to the CEO of Coinbase Brian Armstrong, he said stablecoins could give people in countries battling high inflation and volatile currencies an easier way to access stronger global currencies without leaving their home countries. He's saying this could also help stablecoins. Interesting, which I have to make sense. I saw the story this morning on the terminal.

Got to get it out there. Um, speaking of stablecoins, you know the Trump family has their own stablecoin, USD one. Okay, well, it looks like they have won preliminary approval to start a national bank. So the Trump family may have its own national bank. They are riding a wave of deregulation under the Trump administration. So it would be called World Liberty Financial if it happens. And it plans to expand the use of its dollar backed stablecoin.

So there you go. I still don't understand stablecoins. I've tried. I flunked the exam three times. It's a lot to take in, in a space that's continuing to grow and regulations trying to keep up with it. But big Dog, I mean that's a story last week. What a surge I guess. Short cover but still so far down from its high. I guess we have to always remember that, right?