CNBC: Alibaba's IPO could arrive in August

|About: Alibaba Group Holding Limited (BABA)|By:, SA News Editor

Citing sources, CNBC reports Alibaba (ABABA) "could look to make its stock market debut the first week of August."

The company reportedly expects to receive feedback from the SEC about its F-1 filing (published two weeks ago) as soon as June 7, and then "spend a few weeks correcting or clarifying any issues raised." Presumably, Alibaba would then launch its IPO roadshow.

Yahoo (YHOO +1.4%) followed Internet peers higher today. The company sold off after Alibaba filed its F-1, but rallied in April after posting Alibaba's Q4 numbers.

The Q4 figures led some of the sell-side to argue a $200B+ post-IPO valuation is possible. The recent selloff in Chinese Internet stocks might temper Alibaba's multiples a bit.

Related tickers: SFTBF, SFTBY