Alibaba (BABA) could launch its IPO process (roadshow included) at the end of July, sources tell the WSJ. With the process typically taking 2 weeks from start to finish, an IPO could happen around mid-August.
Bloomberg reported in June Alibaba was eying an Aug. 8 IPO. The Chinese e-commerce Chinese is believed to be mulling a $20B+ offering.
Yahoo (YHOO), whose Q2 results arrive on July 15, is required to sell a decent chunk of its 22.6% stake at IPO time. Many on the Street are hoping details will be given on the Q2 CC about Yahoo's plans for the windfall. Topeka estimates post-tax proceeds from Yahoo's IPO share sale of $9B.