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"We are ready, and we can do an IPO any time," says new Alibaba CEO Jonathan Lu in remarks to...

"We are ready, and we can do an IPO any time," says new Alibaba CEO Jonathan Lu in remarks to the WSJ that should please Yahoo (YHOO) investors. Lu declares both NYC and Hong Kong to be "suitable" locations for an IPO, but (in what could be a hint) says Alibaba is more familiar with the latter's rules. Lu also mentions Alibaba, fresh off buying stakes in Sina and AutoNavi, will pursue more deals to strengthen its mobile hand, as it contends with growing e-commerce competition from messaging/gaming giant Tencent (TCEHY.PK). (Reuters IPO report) (logistics network) (Q4 results)
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Comments (2)
  • RockyMtnHiiigh
    , contributor
    Comments (156) | Send Message
     
    This statement will be a surprise to investors. Previously - I think the earliest expectation for an Alibaba IPO was the end of 2012.

     

    YHOO stock should see a boost - as a high percentage of Alibaba's Valuation will be be used in YHOO valuations now.

     

    This may be the premier IPO of the year - Alibaba has an amazing business going!
    9 Jul 2013, 05:45 PM Reply Like
  • bhttsl
    , contributor
    Comments (509) | Send Message
     
    Resumption of one year uptrend with 4.5% move today. Ready to rocket higher.
    9 Jul 2013, 11:32 PM Reply Like
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