Seeking Alpha

Yahoo rallies as U.S. Alibaba IPO filing reportedly draws closer

  • With Alibaba apparently set to list in the U.S. following a breakdown in talks with Hong Kong regulators, 24% owner Yahoo (YHOO +4.6%) is adding to its 2013 gains, and in doing so hitting levels last seen in '07.
  • Reuters reports Alibaba "has engaged U.S. law firms to start working on its IPO and will soon be hiring banks to manage the listing."
  • Alibaba's very strong Q1 numbers, together with the huge rallies seen this year in high-growth Chinese and U.S. Internet names, has fueled hopes of a post-IPO valuation soundly above $100B.
  • 36.7% Alibaba owner SoftBank (SFTBF.PK) rose 4% overnight in Tokyo.
  • Previous: ABR assigns Alibaba a $100B post-IPO valuation
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Comments (2)
  • wishfullthinkin
    , contributor
    Comments (66) | Send Message
     
    Very nice info. Going to 40 IMO.
    26 Sep 2013, 03:03 PM Reply Like
  • isha1
    , contributor
    Comments (37) | Send Message
     
    Yahoo is a buy out candidate....look for $50.00 within a year...thank you Ms. Meyers.....hopefully you will become the next CEO of Microsoft!!!!!!!!!!!!!...
    26 Sep 2013, 03:05 PM Reply Like
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