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Alibaba's IPO continues to draw closer: Reuters reports the offering may come by year's end, and...

Alibaba's IPO continues to draw closer: Reuters reports the offering may come by year's end, and that Credit Suisse is expected to be a lead underwriter. Much like the Facebook IPO, look for the deal's prestige - Citi CEO Michael Corbat and other top bank execs have reportedly been meeting with Alibaba execs - to translate into low underwriting fees. The report comes shortly after Yahoo (YHOO +0.5%) CFO Ken Goldman called his company's initial Alibaba stake sale "unfortunate," and stated Yahoo would like to avoid paying a giant tax bill the second time around.
Comments (2)
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    "Yahoo would like to avoid paying a giant tax bill the second time around."

     

    Simply, keep the money abroad and look for purchases in Cn.
    6 Jun 2013, 10:52 AM Reply Like
  • matratra
    , contributor
    Comments (30) | Send Message
     
    I agree, Yahoo should park money outside like other corporation & may acquire new entity not only in China but else where. They should avoid another 1.1 billion acquisition. Corporate world we have to be strategic investor not behave like kids to have this toy at any cost.
    6 Jun 2013, 12:25 PM Reply Like
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