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Yahoo (YHOO) +2.3% after Bloomberg reports 23%-owned Alibaba has hired Credit Suisse and Goldman...
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Wednesday, January 16, 9:28 AM ETYahoo (YHOO) +2.3% after Bloomberg reports 23%-owned Alibaba has hired Credit Suisse and Goldman to arrange a $3B-$4B Hong Kong IPO. But the same article quotes an Alibaba spokesman as saying his company hasn't "hired any banks in connection with any IPOs." Alibaba was valued at $35B in last year's buyback deal and is continuing to grow like a weed. The report comes a day after Jack Ma announced his planned resignation as CEO (but not chairman). (AllThingsD report)
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