- The NYT reports Alibaba (Pending:BABA) now plans to price its IPO "sometime after Labor Day."
- Though past reports stated Alibaba is aiming for an early-August offering, the company needs more time to take care of several issues, including wrapping up an SEC review, deciding on its IPO valuation range, and finalizing roadshow presentation plans.
- Yahoo (YHOO -1.4%) is adding to yesterday's post-earnings losses amid a broader tech selloff. The company is 2 days removed from disclosing it has lowered the number of Alibaba shares it's required to sell at IPO time by 33%, and plans to return at least half the proceeds to shareholders.
- Per Alibaba's latest F-1, Yahoo owns 22.5% of the Chinese e-commerce giant, and SoftBank (OTCPK:SFTBF) 34.3%.
From other sites
at CNBC.com (Fri, 12:46PM)
at CNBC.com (Fri, 11:06AM)
Video at CNBC.com (Fri, 11:06AM)
Video at CNBC.com (Thu, 5:45PM)
Video at CNBC.com (Tue, 3:34PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs