Alibaba could file for U.S. IPO on Monday


Alibaba Group (ABABA) could file the prospectus for its U.S. IPO on Monday, Reuters reports, adding that the listing could be worth over $16B.

The report comes after major shareholder Yahoo (YHOO) disclosed that Alibaba's Q4 net income surged 110% to $1.35B as revenue jumped 66% to $3.06B.

Alibaba's results helped Yahoo's shares climb 6.8% in AH trading. In Tokyo, shares in SoftBank (SFTBF), which owns 37% in Alibaba, jumped 8.5%.

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Comments (7)
  • pt560
    , contributor
    Comments (3) | Send Message
     
    Why does Softbank rise more on Alibaba's results than Yahoo? After all, SFTBF might have a larger stake in ABABA, but YHOO is more exposed to it, as its market-cap is less than half of Softbank's- 80B vs 35.
    16 Apr 2014, 07:23 AM Reply Like
  • Energysystems
    , contributor
    Comments (2126) | Send Message
     
    The $ABABA stake is not priced into $SFTBF at all. I believe Softbank owns 37%; of which post-IPO could be worth anywhere from 50-75B. Just look at the PE ratios for $YHOO and $SFTBF.
    16 Apr 2014, 08:18 AM Reply Like
  • pt560
    , contributor
    Comments (3) | Send Message
     
    Softbank was up 8,5% today after Yahoo's earnings, so I guess it must be priced somehow. The PE ratios also take into account that these companies operate in different sectors.
    16 Apr 2014, 09:08 AM Reply Like
  • Energysystems
    , contributor
    Comments (2126) | Send Message
     
    Softbank is deep into the same sectors as yahoo. They own a stake in many internet based entities, including yahoo japan, online retailers, etc etc. Very underpriced for the assets. imo, Softbank will be around $125 per share after the $ABABA ipo.
    16 Apr 2014, 02:30 PM Reply Like
  • buyandhold???
    , contributor
    Comments (907) | Send Message
     
    guess yhoo will see $50 very soon
    16 Apr 2014, 07:27 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (7217) | Send Message
     
    "Alibaba's (ABABA) Q4 net income surged 110% to $1.35B as revenue jumped 66% to $3.06B."

     

    (AMZN) had Q4 revenue of $25 billion. Its market cap is $148 billion.
    16 Apr 2014, 08:02 PM Reply Like
  • eager1
    , contributor
    Comments (179) | Send Message
     
    Correct me if I am wrong but the way I understand it YHOO is obligated to sell much of its Alibaba stake at the IPO. That is why many believe YHOO has downside after the IPO.
    22 Apr 2014, 12:40 AM Reply Like
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