How do you purchase the IPO Alibaba? from USA or is there a currency rate exchange?

Question

Im interested in purchasing more stock.  I have never purchased stock on a foreign stock market.  Alibaba is a company that has opened an IPO recently, however, it is on the Hong Kong Stock Exchange.  What procedures are taken when purchasing internationally.  Does the currency rate calculated before purchase or will the dollar amount be reflected during purchase?  Im confused and need someones expertise.

Mr. Prefect · Accepted Answer

You do not want to buy a stock that has risen so high already, hoping for the next Google. Instead, consider Yahoo, who owns 39% of Alibaba.

Anonymous · Answer

etrade for global tradingrnrnforget about alibaba.com if you want to do it, i suggest you let go by friday it's already wayy too overvalued in first day if i own it i'd definitely let go by end of this week.. get out of it before you get burned

Anonymous · Answer

You need a brokerage account in HONG KONG and you need to pay in HKD.rnrnI suggest E*Trade. (See below for more detailed information)

How do you purchase the IPO Alibaba? from USA or is there a currency rate exchange?

Answers