Hedge funds appear to be salivating over Alibaba.
The Chinese e-commerce company's initial public offering is set for Sept. 19 and is already drawing significant attention from the so-called smart money.
Billionaire investor Leon Cooperman is one of Alibaba's fans.
"We like what we see so far and we are highly impressed with Jack Ma and his management team," Cooperman, founder of $10.4 billion hedge fund Omega Advisors, said in an email. He added that he had met with Alibaba executives and plans to invest in the stock once it goes public.
Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 people—
Spokesman for their respective firms declined to comment or didn't respond to requests on if the men planned to invest in the company. Loeb has previously invested in Yahoo and once called "hidden jewel" Alibaba "central to our investment thesis" in Yahoo.