is the status with the ipo? -- >> what is the status with the ipo?we are still on file, so i cannot talk too much about that. but you will definitely be one of the first people to hear about it once we share any updated thinking. >> how much have you wondered, did we make a mistake? did we file too soon? flex what is obvious is we should not have filed when we did, because we certainly dealt with a lot of distraction because of that filing. i think that whether that was a lot of the unfortunate news reports and a cycle that had to come about -- that had to happen around the business because we brought on a filing, it was absolutely a distraction to what our core focus is and has been, which is execution and building up the business. but life is certainly too short to have any specific regrets. we have learned and we remain in full execution mode. ex i'm curious what that moment was like to you -- >> i'm curious what that moment was like to you. you opened your books to the world. one person has called it a box of horrors. >> he was a horrible moment.

samsung got to ipos done. done. the listing is seen as a successor to consolidate power on crown jewel samsung electronics. i am curious what that will do to the stock today. >> thank you guys. that is the verdict from the stock exchange. the stocks are reporters highlighted, based on news events. we will be back in an hour to see how the stocks do. debut, theter their jacksons have played hong kong for the first time. the brothers say they are looking for opportunities in china. germane -- jermaine has even launched a talent competition there. >> the jacksons were not that much older than these tots at the hong kong children's home when they started performing 50 years ago. >> i started at seven years old. to see the kids brings back memories. they are so happy here. that is just great. >> you can see they get a lot of love here. they are learning a lot. >> very outgoing. i am sure they will do well in life. >> michael obviously would have loved to have been here with the kids. bikes it would be his dream to be her

to a great ipo?s there any point during the process where you were worried or felt like something might go off track here? >> the whole process. [laughter] i worried about this for two years. that is my job. >> did you leave any money on the table? >> good question. these largeview of are, especially those that for companies that have enormous consumerer and engagement. the brand and preserving the brand and stewarding the brand is really important to the company's success. therefore, when you do a big ipo, you have to understand the asymmetry of the risk. if you price it right, everyone is happy. , you canice it wrong damage the brand or damage the company or damage company morale. >> look at facebook. it took one year for them to recover. >> why should a security software have that kind of damage when it's the same company? >> betty liu speaking with jimmy lee. that does it for today. many more big interviews coming from bloomberg's conference throughout the day. market makers is coming up next. ♪

the ipo was a big event for the.ompany because of the context in which it happened groupon and zynga and facebook and linkedin and this new pile of ipos in the world of technology. some of those companies, the ipo was the event. groupon tried to make the results look at before the ipo. zynga change their accounting to make the numbers look better than they were before the ipo. in those events, it was all about the ipo. you can see the reaction to the stocks which have fallen dramatically twitter and facebook and linkedin are at different because they are tying to build a business. the twitter ipo was a very important event for people of the company, there was staff changes and people hung on waiting to cash out, the business of twitter, they've always had the tiger by the tail. they have this amazing idea that resonates with a certain amount of people. we are on twitter like crazy. we get the platform but the user growth issues have been an issue for them. the way they show the product and sell the product has been v

you mention the ipo execution.we have the person responsible for that, the auctioneer, the quarterback, here. so our listed company gets to interact with that person directly, see exactly how the book is developing, how the book will be priced, and control the release of the ipo into the marketplace. >> talk to us about the markets quickly. we'd love to get your perspective on the ipo pipeline as well asm & a. we've had a lot of deals announced even just this week. >> i think anytime you have high market valuations and cheap money, you'll see deals happening. but we would say, first and foremost, when we look at the performance of the companies this year,s been solid. the ipo companies have been solid. the pipeline is still very strong so we remain optimistic going into the balance of 2014 into 2015. we're going to have a very strong calendar. >> bob, thank you so much for your time. really appreciate it. >> bob greifeld, the ceo of the nasdaq. >>> coming up next, gold jumping 1% today. we'll tell you how one trade

it will be a successful ipo. if you do a quick math, that statement could be at least $50 billion valuation, if not higher than that. >> we know that alibaba has ambitions. david mentioned it to move into the u.s. and expand its operations, compete with amazon and ebay. they choice to debut the biggest ipo here in new york at the stock exchange. how do they grow that u.s. business? is it going to have to be through acquisitions? >> almost certainly has to be through acquisitions. that is a difficult proposition for us. same reasons that made alibaba so successful in china, it's very difficult to supplant that in the u.s. when you've got amazon, ebay, they have to look at an acquisition to have a meaningful presence. without it they won't be much more than a niche player in the u.s., at least near term they have to look at acquisition as potential growth strategy in that region. >> we'll see the figures they come through with in the next 90 minutes or so. thank you for joining us. >>> looking at the broader market

>> go pro does an ipo about 140 days ago.hey put and a limited amount of stock, but they only have 10 million shares in the offering. all the analysts are talking about how it's not just a camera on a stick. everybody loves these idiots. everyone loves the shot on someone's chest or the tight warding or surfing -- i love these videos. the stock those crazy and the stock has had a terrific run and has more than doubled since the ipo. this company is having great success but there's a limited number of shares and the trading of shares was for neck. was trading, it nearly half the shares traded every single day which is rare. they price the secondary and it's at a significant discount. if you are going to sell more stock, you want to have the stock high and higher and you don't do the offering. the stock opened at 85. they did it at $75 and the market sees that as a sign of weakness. >> is it really a sign of weakness? >> it is a sign of weakness they are desperate to take this money. it's a sign they were desperate to get the s

alibaba's record-breaking ipo is in the books.re searching high and low to find china's next big tech company. credit suisse was one of the lead managers of alibaba's ipo. they have been involved with nine other chinese ipo's this year. how did they build their clout in china? emily chang asked how they developed a relationship with alibaba. >> we had a long-standing relationship with alibaba group and their senior management. i think i met joe almost seven years ago. over time, they have done a few things with them. we advise them when they bought shares from yahoo!. we also helps them raise $1.7 billion deals. we have built a relationship over many years. >> credit suisse has six chinese ipos? >> 10. >> how are you getting those? >> we have a great team focusing on technology space. really excited about the internet space. we as a global team, we work very closely with china all the time to work with my partners in china. they are incredible bankers and they do a really good job. it's fantastic to be part of that team. >> you ha

but the owner is set to consider ipo for 2015.o saysxecutive the company would reach its goal of a 10% up rise in march at this time it may change. the chipmaker set at deadline for the middle of 2015. the chief executive is stepping down after 14 years at the helm after there was a bit of property battle with daniel lope. the ceo has been under pressure to cut costs and increase shareholder values. doing a research for the replacement. the car sharing service struggles with legal challenges that have forced its love of crisis and eliminated profits for uber drivers and turned it into one of the many share write services that have existed in germany for decades. king digital, the maker of the candy crushed saga has released a follow-up to the hugely successful franchise but can the new game prove it is more than a one trick pony. caroline, the new game and the same old question, better than the last one? >> they are actually taking a different tactic they are employing the cult of the brand candy crushed, usually they would add sa

stock traded up about 45% from its ipo price now. you said, $80 billion in market cap. $240 billion market cap. what does that make it in the s&p 500? >> 11th largest company in the s&p. it's not in, but, yeah, where it would rank it, and right there vying for tenth place with procter & gamble, actually. so -- >> wow. >> which is crazy. so here's the deal. this company, they have 80% of the e-commerce market in china. that's a $450 billion market that's growing at 40%. they have 50% ebitda. sound fantastic, right? the thing is working, so why would you get out of it? one thought. know what i mean? mike probably has issues with valuation here but i'm going to say. as a lot of you just said, google has not performed well since september 19th or ipo. amazon has not. netflix, hasn't. a lot of money moved into the stock. a crowded trade. >> i'm not concerned about valuation except extremely concerned about the stock. the reason i'm not concerned about valuation is, trading probably 35 times next month 12 month earnings top line growth rate 50%. if that's real, phenomenal. my

when facebook went ipo, that was a very public ipo as well, and people still trade facebook to this dayss forward and financial news drives the business forward. >> when will you move to the main market? you are quite big now. >> it seems like a natural move for us. it is something we are considering at the moment. i don't have an exact date, but it is coming up. >> we look forward to seeing when it happens. raised $75have only million when they had their ipo. they have already returned it to the investors. >> thank you very much indeed. >> let's keep on talking tech. our next guest was the keynote speaker at the conference in london. speakers have gathered to talk about the future. for coming on,ch minister. talk to us about the big downfalls to opening up this economy to digital. you need to a trust and -- attract investment from abroad? are you when you talk about the immigration debate? >> there is a balance to be struck. we are a country that wants to attract tech investment. we believe london and the u.k. are the best place to start a tech business in europe, the best place to gro

that was the new ipo today.roughly about a quarter of a billion dollars on the price action you see. currently about 1.2, 1.3 billion dollars. 35% was priced at the ipo. the other thing is a, i'm concerned that you are drinking lambrusko wine. let me tell you, drink responsibly. there is nothing worse than drinking the majority of a bottle of the port in the morning. you will be unable to bring your head off the pillow. it is the worst advice. i'm here to help sarah. >> they took the bottle of wine. they did not leave it. and that value typically quadruples. he said that lambruskos were popular. i just want to do a broad market check. virgin america, what a successful debut. we're looking at the dow jones industrial average. relatively flat. it's down one point off session lows. not a lot of movement with the s&p in positive territory along with the nasdaq. which follows so i s simon. this theme marginal gains and losses. a light week of the economic data. next week fed minutes for one. >> you have to remember w

think about the ipo they did. this is not skepticism. this is cold hard fact. right now i believe stock is trading very well. there is a huge mutual fund complexes that will own this stock for years to come. there is a supply/demand issue here. that is coming to a theater near you in the new year, september 20th, there will be 1.6 billion shares. i think there is a potential in 2015 for a sediment shift. this is that move we are talking about it had a nice consolidation after the ipo. this was the earnings period here. people liked what they saw. they had this move in a single day they did 9.5 billion in gross merchandise sales here the price of "options action" of ali baba have come down in the last weeks here. this is a billion dollar mark cap company with applied volatility about 40%. that's pretty expensive when you think about it. i think you will consider long plays here. it makes sense despite high vol till t. potential for sediment shifts with that overhang. if you have gains in this stock, the thing is wo

in 1999 you had 450, 500 ipos, a fifth of them doubled on the first day. we won't see numbers close to that this year. >> what besome of the valueuations must make you look and say are we getting ahead of ourselves? >> individual companies, yes. for us the ipo is our second financing event. most of these companies going public now. the ipo fever has changed i think to maybe series a fever or series b fever. these people are going through crowd funding, angel funding before they get to the public markets. that's radekalicalallly differe >> should we step back and pause and say what are we doing? >> i think any company that is pre-revenue you have to think about. we are talking about a universe now where people have computers. the bet then was about a longer future that when the internet arrives for everybody then we have customers and make money. what is happening for almost all of these companies now is they have customers and a lot of them have revenue. it is just a different type of feeling. >> what companies stand out to you positively or negatively as

we're on ipo watch, waiting for axalta to trade.that happens, we'll be joined by the ceo and nascar superstar jeff gordon. also, the north american debut for what royal caribbean is calling the first smart ship. we'll have a live interview with the ceo when "squawk on the street" comes back. get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. twhat do i do?. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right

break,o come after the bangkok airways ipo's today.re after the break. ♪ >> i am john dawson. we are "on the move." gold and minors are tumbling across the region with the metal at its lowest level in three years. another knock on effect from's -- from the surprising boj decision. good for passengers, bad for investors. the carrier debuting today. and running economic slowdown being signaled. stephen engle joins us. if you figures out of the the weekend, and just now, services, manufacturing. go for it. theet's start with the ages manufacturing pmi coming in at -- the hsbc manufacturing coming in at 50.4. it was the fifth month in a row of expansion. expansion,ove 50 is but it is barely above. 50.4. it did rise from the previous couple of months. we are seeing weakness in new orders month over month. pmiofficial manufacturing october came in at 50.8. also still expanding, but also the lowest level since may. the official pmi represents sentiment for state-owned enterprises. a smallerurvey is survey. stockpiles, expectations in the offi

technology space. -- demand where -- recent ipos of the last year or two.e of the interesting dynamics in these, since they are recent ipos, some of them tend to have one big shareholder that controls a large chunk of the stock. while shorts are loading into the shares available for trading, there is a big supply of stock potentially in the n interesting is a dynamic -- if the shorts are wrong and there is a squeeze, as a shareholder do you sell into the squeeze or ride it out? >> right, how do you cover that. would you see in general in terms of shorts right now? general,ider etf, in shorts were low, less than 5%. shorts are not exactly loading into the beds against this current -- bets against this current record, which they could be wrong about. >> when i look at the names you mentioned, eight and to be smaller names, smaller mid-cap to be smallertend names, smaller mid-cap names. is that right, that characterization? >> most of them are smaller mid-cap. there's a lot more mystery around these stocks and it explains the tension between investors.rs and >

one was way before the ipo. >> is there an apostrophe in that?the whole point of the acquisition is they were the number one partner on the data resale. if you're a large customer of twitter, you would go and buy it from them and then twitter would get -- what they decided is that what you actually bring that business in-house. it was a very strategic acquisition. >> that is sort of the other revenues for twitter. >> and then you had -- the question is what is next. i think there are a few things we can think about. one is new comp limitary advertising technology. it makes a ton of sense to bring those in-house where they can further engagement and figure out how users can read. second would be applications potentially the take advantage of the twitter hose. an example would be nuzzl, which takes input from twitter to figure out what is relevant. then you have a personalized feed of news every morning. >> you are kind of plugging. >> i am kind of plugging. >> the biggest regular criticism i read or hear about is there aren't enough products tailo

they just did an ipo of 368 million shares. think when you're looking out a little bit further, they're going to do they're going to actually unlock 420 million shares. that's much greater when you think about the ipo that they did. so there's going to be overhang here. this is not skepticism. this is just cold hard facts. i believe the stock is trading very well because there's a lot of huge mutual fund complexes that think they're going to own this company or this stock for years and years to come, and there is a supply-demand issue here. they keep buying it and there's not a ton of supply. and then september 20th, there's going to be 1.6 billion shares coming unlocked, so i think there's a potential at some point in 2015 for a sentiment shift. when you think about it, this is that move that we're talking about. really had a very nice consolidation after its ipo. this was the earnings period here. people like what they saw. they had this move in the singles day. i think they did $9.5 billion in gross merchandise sales here. h

broken ipo. terrible, all these head lines. facebook a disastrous ipo. awful. a year later nobody cares. and the fact that facebook priced close to demand, they have save sod much money for their investors by doing that. as opposed to just giving ae ii away overnight. >> fair point. disney, results mostly in line with estimates but revenue for the media networks was weaker than expected. shares are lower this morning. julia talked to bob uygur last night. and the name of the next star wars movie h. e addressed his approach to the bundle and delivering content over the top. >> are will there experimentation? yes. will we be part? it's possible. we're taking a the cautious proesh approach because we think the prudent thing to do is do what we can to maintain the value for what is obviously a value creator for this company and also a lot of other medias in the space. >> warning rivals not to poison the well by doing this too early? sounds like that is what when he's saying. >> exactly. a very different approach from les moonves. these are tools for cord cutters. u

--est ipo the largest ipo since 1997. demand was higher than expected. what can investors expect? inion is split on that and it is bigger than we were expecting at a share price. 24.5 times earnings. it was discussed that it would be priced between $1.55-$2.00. $2.15 is on the pricey side. that have been encouraging mom and dad investors to get involved. very strongas been and had to scale back the allocations with half of investors getting 80% of their application. there you go. 5.6 billion dollars australian will be added to the government coffers when the shares begin trading at midday on tuesday under the ticket code, mpo. it is the biggest ipo in 17 years. >> why was it up for sale at all? >> the government needs money, to put it mildly. and are cutting costs trying to raise money by selling assets. this is a timely windfall and the budget deficit at the moment is $48.5 billion. economic the midyear outlook within the next few weeks and that could paint a bleaker picture. it is a welcome cash injection and other studies are underway as to what other assets could be put on the

bloomberg ipo reporter leslie joins us now. good be in a better position after the biggest ipo in history. >> they are a company of big numbers. many billions of dollars in transactions. now is a great time to refinance their debt. they did that to buy back their state from yahoo! in 2012. they are refinancing the debt because it is a good time for them to do that. however you also have to wonder what they're going to do with all this cash. they have this discussion of what they're doing in hollywood and on the payments front. the question is if there is any indication of things coming. >> reid hoffman suggests that alibaba might be interested in ebay and not paypal. what do you think of the potential for big deals like that? >> for jack ma, ebay would be the crest of an actual acquisition. i think ebay would be an interesting play in the u.s.. it does have that same sort of marketplace model that ali baba does. what they would do for alibaba is a big question, is the synergy there? how do you integrate those two business model

it could be up to a $1 billion ipo.e us some the range we are talking about and how big it can value the company? at just undering $1 billion at the high-end of the range. there are 60 venture capital atked private company valued $1 billion. avone surface of it it is ready reasonable valuation. that high-end range is still a discount to other u.s. airlines. that is necessary to encourage investors to buy shares of an ipo. you mentioned the product the -- the profitability of virgin america. --t about some of the air some of the other airlines? >> they are absolutely a smaller carrier. they only go to big cities in the u.s.. to maintain that growth to make sure they get to that profitability. at is been their strategy all along. contain that growth so they reach profitable levels. they said they can use some of the proceeds to invest in more airplane leases and more travels. , what is the timing we are looking at the? at?ooking >> it is set to price on november 11, next week. it will start trading the next day, which is

up more than 70% from its ipo. it is now more valuable than walmart, general electric, jpmorgan, facebook and coca-cola, beat apple, handily, over the last month. 36% versus 8%. pete, you've owned it from the outset. >> love it. >> believer from day one. >> continue to believe in it. look at the revenue numbers those are impressive. mobile active users up 138%. when you go through their report we talked about them being a mature company, that means that they actually have revenues. these guys have growth. they certainly stand up for that. they also still have the leverage i think for expansion when i say that, i mean the u.s. jack ma clearly put that out there at the very end of october talking about wanting to talk and sit down with tim cook. this is a growth story. i don't think 110, 120, a top. i think the stock can get to 150. >> josh you own it indirectly. >> 10% of k web which i've owned sfrts start of the year. i don't get the direct benefit from the entire move up. weight interesting about this -- what's in

think about the ipo of 368 million shares, but when you look out further, when you get in march and the year, you know, they will do -- they are going to unlock 420 million shares, much greater when you think about the ipo they did. there's going to be overhang there. this is not skepticism. this is cold hard fact. i believe the stock is trading well because there's huge mutual fund complexes out there who think they will own the stock for years and years to come, and there's a supply and demand issue here. they keep buying it. there's not a ton of supply. that's coming to a theater near you in the new year. september 20, there's going to be 1.6 billion shares unlocking. there's a potential in 2015 for a sentiment shift. this is the move we are talking about. there was a nice consolidation after the ip organize. this was the earnings period here. people liked what they saw. they had a move into singles day. they did 9.5 billion dollars in gross merchandise sales here. here's the implied volatility, the price of alibaba coming down nicely in the last couple weeks. this is 275 billion mar

this is the first purchase by any pandora insider since its ipo more than three years ago.he stock was up 16.5%. it closed at 21.51. >>> it's never too early to be thinking about stocks that will do well in a rising interest rate environment. he's derek booten, ceo with lucilla capital. good to have you with us. do you think rates will go up any time soon and, if so, how much? >> i don't think so, tyler. i think we're looking at mid- to late 2015. any type we see a hype we may see the fed off their dovish stance, we see more weakness in the gdp, whether it's labor or housing. i don't think we're going to see any moves until late 2015 or so. >> but these stocks that you're going to mention to us, beginning with mxp semiconductors you think would be good for the current environment and would benefit or withstand? >> mxp is really about apple pay. i can't say enough about apple pay. all of the excitement of the iphone 6. i think it's going to transform the world much the same way itunes did in the music world. what we're seeing right now is the semiconductor provides the chips

ipo four years ago and they wonder, on the backend, is first data processing the transactions? why hasn't your company benefited similarly? >> this is waterfront property. we came up with the lbo and hit the worst financial time in the world and, at the same point in time -- >> so did mastercard and visa. >> a lot of money was chasing payments. the position of the company was not designed to invest. now it is designed to invest and grow. we have built seven products over the past year. payment is a growth industry and you will see us continue to grow. >> what role will acquisitions play in the future? you have but three companies in the past year? >> yes. they are all technology companies, all someone startups that we enable. i am proud of the work our technology team does.

this was a $68 ipo back on september 19th.d have its earnings and up about 15% this week, tracy. performer. great week. a lot of records as well. tracy: good friday. thanks, nicole. whether on wall street or main street here is who is making money today. anyone with a piece of sears. the stock soaring on news it is considering the sale of up to 300 stores to real estate investment trust. now those stores will be leased back. look at shares. they're up morr than 37% right now. >>> ceo eedie lampert raking in cash ahead of the weekend. he has 25 million shares. that means he made a little bit like a quarter of a billion dollars today alone. talk about happy friday. hoping to share more money? owner of most expensive home on the market, the massive beverly hills estate is on sale for record breaking price of $195 million. it has, wait for it, a 27-car garage. and a vineyard, that produces 500 cases of wine a year.3 that is pretty cool. -@that is a deal, huh? or who is losing money? viiings running back adrian peterson. i'm sorry,

you have 116 ipo's, 25 in tech. is that sustainable?erall market is a bit more shaky than it has been before but in terms of the pipeline, it is looking to be very strong. >> the shakiness has crept in because of valuations we saw. well after theas day listings. people reassessing what companies should be coming out and valuations? >> it is fantastic to see these companies come to the market first of all. it will be a great [inaudible] on judginge careful them on the day of their ipo. we should judge some overtime and that is where the public market is. there is other factors. think investors in the takenity -- they want to art over time and the only wasted art is if they go public area >> where do they want to take part? buthad a huge initial share the tech firm went to the u.s. to sell shares. was it the liquidity they wanted, was it the marketing factor? >> there is many dimensions create week work closely we before they start doing their ipo. there are many dimensions in the market. if you take a company looking to list their lookin

that is its worst day since the ipo. september 22nd it lost 4.2%. mike any idea? >> just after such a run. perfect sell on great news for the short-term traders. i don't think it's anything more. >> thank you. >> thanks guys. >> hany nada. stocks down about 4.5%. mike is going stick around with us. relatively muted day otherwise. >> the bond markets are the closed because it is veterans day. but right now the dow up 8 points. the nasdaq up 1.5 points. the s&p up 1 point. the majority of all companies having reported earnings so there is very little information to trade on today. shares of zynga rallying up after upgraded to buy at jeffries. growing popularity is leading zynga up 5 and a quarter percent. shares of juniper. the ceo resigned amid issues with his leadership and conduct. >> when we come back, shares of alibaba on a tear. up about 70% since ipo. what does jack ma think now? we'll get his reaction later. and apple is going corporate. how the company is teaming with ibm to take on the likes of hp, dell and microsoft. and president obama calling on the sec

shares up about 68% since the september ipo. the ipo raised roughly 20 billion.ow people are saying could this be used to do deals? i'm told it would be more of a refinancing deal to take out some of its loans borrowed at higher rates now that we're in a low rate environment. but that said it will get the rumor mills talking about how far they have come in a short period of time by doing this giant bond offering. >> you can imagine now that they have proven themselves, quote unquote, coming public so well as they did, maybe you can refinance some of the debt you have accumulated. and people love this name. view it as the very strong rating. s&p coming wut a a plus credit rating. so there is a lot of demand. >> in contrast to some stories like twitter debt. and so i simon hobbs. >> flat on the session. flat for the week overall. the biggest news today is the gdp for the third quarter. germany managed to escape recession. it was a gain of 0.3%. france came in as expected. we have a problem with capital expenditure and investment within germany. that said, italy is

i love this ipo. but really never had an opportunity. the ipo price at 23. ran up to 31. closed the day at 30. great reception by everybody. great timing also by richard branson. i like this name. i don't know enough about it. i don't think any of us do. after we get through an earnings cycle or two, i think we'll be much more comfortable. this has been a company that has not made a lot of money in the past. the rest of these airlines, because of everything that's been going on, they are making a lot of money. i'm going to stick with some of those carriers that have been around a long time. >> time now for the final trade. pete? >> huge apple. i think it goes higher. >> guy talked about the difference between paper and physical gold. in this market, you want to go to the ones who hold physical gold. >> twitter bounced exactly where it should have. i think it's fairly solid and i think they'll run this name up until the end of the year. >> guy. >> what's that expression right as rain? what does that mean? >> i don't know. >> because pete said something to me in the break.

also just talk about ipos, over 28 billion in ipos this year. strip out alibaba, this is the worst year for tech ipos in terms of proceeds since 99. so uber or box or square, we'll see. >> not private equity firms that have basically exiting everything in that are portfolio. >> private equity has been a laggard. been i think the worst year for private equity since 2010 also. >> your bottom line is, there is still some value in tech. >> absolutely. >> that's your bottom line. and you know of what you seek. >> the numbers speak for themselves. >> when we come back, love him or hate him, these guys have forever changed how crow look at travel. the head of, inc. will join us for the big reveal when "squawk alley" comes back. heart: i maximize good stuff like my potassium... inc. zed already. avo: new delicious ensure active heart health supports your heart and body, so you stay active and strong. ensure. take life in. with the easy-to-use suite of tradintrading tools...tures... at optionsxpress by charles schwab. and we'll give you a one hundred fif

ipo infter the biggest history, alibaba stock is up. investors cannot get enough.ares are up in after-hours trading. will review alibaba's first earnings as a public company and why investors have such high hopes and where you can justify the valuation. we will be back in two. ♪ >> welcome back. time to talk tech. the movers and shakers are in dublin for the west summit, the largest event of its kind. caroline hyde is there. sac state europe to produce a $10 billion firm. caroline is optimistic. >> he certainly is. and bigpartner index investor in europe and the united states in terms of technology and a builder in a computer. thank you very much for joining us. you are about to take the stage to deliver a keynote speech. what are you going to be highlighting, what is the sentiment? the macro opportunity has never been better. there are 3 billion people on the internet today worldwide and will double by 2019 and will be you 5.5 billion people connected by multiple and so the opportunity for entrepreneurial has never been better. in europe and the past 12 months sin

owing nuclear, the chinese power company seeking a first of a kind ipo. up, coming tost you live from bloomberg's asian headquarters here in hong kong and streaming on mobile and bloomberg.com. happy friday to you. let's check out mornings this morning. let's go to australia. not much movement on the asx 200. in the low $70. in new zealand, up 2.2%. the kiwi dollar up .10%. we are counting down the open in korea, less than one hour away. we are waiting for those numbers in this hour. the jobless rate as well as retail sales. futures pointing to a stronger open here. their.lar yen weakening the to the top story now, it's called black gold. this morning there is no shine on this commodity. oil slumped to its lowest since 2009 as opec refused to cut production. in other words, saudi arabia blocked any idea of a cut. john dawson joins us to explain why and what has been the reaction from the 11 other members. >> they blocked the cut again. 12 member opec, as we know. u.s.iggest picture is the -- market share is going down. if there was a cut, prices would go

paramount group could be the biggest riet ipo ever.ector gaining about 22%, 23% almost this year. one global real estate portfolio manager will give us his top picks which "power lunch" returns. [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath... [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. now we invite smokers to quit, too, with our comprehensive program. we just want to help everyone, everywhere, breathe a little easier. introducing cvs health. because health is everything. introducing cvs health. for tapping into a wealth of experience... for access to one of the top wealth management firms in the country... for a team of financial professionals who provide customized solutions... for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. ♪ there's confidence... then there's trusting your vehicle m

yesterday or i certainly did that this was not the company that people a year ago were buying at its ipo. >> if you were a long-term investor the biggest nightmare would be tomorrow they decide okay let's please the street and insert an ad in between every ten tweets and enthen they come out and say hey revenue is up so much this month. by the way three months later they lose 20 million subscribers a week. it's a very difficult dance they have to do. they have to drive new users. and keep existing users. and now they have to talk to wall street every three months. and i think that the balance between these things is not as simple. >> what you are saying is a reason not to own the stock then. >> listen, if if all you care about is next quarter, do something else. >> isn't that what you care about? >> if you are a long-term investor you say there is a lot of value here. these are smart people. >> i disagree there is a lot of value there though. how? >> in an audience of 300 million monthly active users. >> -- $11 billion in incremental revenue. and they went line by line. going from 1.4% t

so we had a record ipo in september. >> a record singles day. alibaba does not do things by heart, does it? >> no, it really doesn't. >> in a prime time speech on thursday night, deportations will be focused on undocumented immigrants. more than 4 million people will have the chance to apply for work permits. and more will benefit from the expanded program. >> we need more than -- we need reasonable, come palgzat debate that focuses on our hopes, not our fear he. president obama's plan has prompted a furious response from republicans. >>> now, coming up, as thoughts get under way in vienna, we look at why next week could be a volatile week for the markets. stay tuned on "worldwide exchange." opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back. let's get you some headlines. ecb president mario draghi vows to falter the asset buying pro

one of the biggest ipo's, as you know. are they one of your best customers?t be just laughing all the way to the commission bank. are they your biggest customer? are they going to change the face of german shopping? >> i think the face of german in all countries around the world is changing. we are in the midst of the megatrend, he structural trend , retail shopping going towards online shopping. this is showing up in significant roles per capita. parcel consumption and the growth rate, we had a .5% growth in our german parcel business in the third quarter and we are consistently above gdp growth rates in countries all around the world. this is the shift towards online commerce and we think it is unstoppable. we are investing heavily in it. we are one of the leaders. >> lawrence, we are going to have to leave it there. let's see what 2015 brings for you. i did not get to the helicopter question. i am sure we could go to your website. the cho -- the cfo of deutsche post dhl. delivering all of those letters. >> helicopters and santa. >> j sainsbury is set to re

box originally filed for an ipo in march. months of done by and they still have not gone public. what is going on? on the with aaron levie latest edition of my show. take a listen. on money fromook tpg and coatue management. >> we filed to go public in march. about a week after that, there was a market correction in the tech stock space. we saw some volatility and a lot of high-growth technology companies. we thought it was not the best company tong a new market. we had amazing support from private market and late stage investors tpg and coatue management and they would support us as a private company. totook that money on continue growth without growing public. >> what is the status of the ipo? >> we are still in file, so there isn't lot that i can't share. you will definitely be one of the first people to hear about it once we share any updated thinking. >> have you wondered if you made a mistake in file too soon? >> we should not have filed when we did. we certainly dealt with a lot of distraction because of that filing. i

after ncb, do we have a flurry of middle eastern ipo's? >> we do.e highlights look forward to is this coming parks and have dubai resorts trying to build the first legoland of the middle east. $700 million for the initial process that begins on monday. the biggest one is the dubai looking to raise $2.5 billion for 30% of the company. we also have another dubai-based company that is a health care company looking to race some mo ney next year. >> i cannot go without saying that halfway through, that is quite an asset. good on you. >> a third of the way, mate. this is even more luxurious. >> i look forward to the end of the month. thank you for joining us. the pulse is coming up at the top of the hour. we are joined with a little bit of a look ahead. >> we will take what you were talking about this morning. it is the story that is dominating the financial as landscape. we will be talked through exactly what we need to know about private equity view of the british economy right now. the has his fingers and all kinds of things in the moment. he invested