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PR Newswire
19-03-2014, 10:38 AM
I will say the lady CEO should feel glad that Yahoo owns part of the Aliabab. It has made her honeymoon period longer in Yahoo...
Yahoo stock surges in anticipation of Alibaba IPO
SAN FRANCISCO — Yahoo is getting another lift from its stake China’s Alibaba Group, a thriving Internet company that has helped mask Yahoo’s own financial funk.
Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba’s initial public offering of stock later this year. Alibaba triggered the latest wave of excitement about its forthcoming IPO with a Sunday announcement of its intention to list its stock on a United States exchange instead of in Hong Kong. The precise timing of the IPO is still unclear, although the documents for the filing are expected to be filed within the next six months.
Alibaba’s IPO is anticipated to produce Yahoo’s second multibillion dollar windfall in two years. The money could be used to pay stockholders a one-time dividend, buy back more stock or finance an acquisition of another Internet service that could help Yahoo bring in more revenue after years of contraction.
Yahoo’s stock gained US$1.51 (S$1.90), or 4 per cent, to close yesterday (March 17) at US$39.11. The shares have nearly doubled in the past year, primarily because Yahoo’s 24 per cent stake in Alibaba has been the only way for most investors to buy a slice of a company that is likened to China’s version of eBay and Amazon.com. Yahoo now boasts a market value US$39 billion — most of which analysts estimate is tied to Alibaba’s success.
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http://www.todayonline.com/tech/yahoo-st...libaba-ipo
Yahoo stock surges in anticipation of Alibaba IPO
SAN FRANCISCO — Yahoo is getting another lift from its stake China’s Alibaba Group, a thriving Internet company that has helped mask Yahoo’s own financial funk.
Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba’s initial public offering of stock later this year. Alibaba triggered the latest wave of excitement about its forthcoming IPO with a Sunday announcement of its intention to list its stock on a United States exchange instead of in Hong Kong. The precise timing of the IPO is still unclear, although the documents for the filing are expected to be filed within the next six months.
Alibaba’s IPO is anticipated to produce Yahoo’s second multibillion dollar windfall in two years. The money could be used to pay stockholders a one-time dividend, buy back more stock or finance an acquisition of another Internet service that could help Yahoo bring in more revenue after years of contraction.
Yahoo’s stock gained US$1.51 (S$1.90), or 4 per cent, to close yesterday (March 17) at US$39.11. The shares have nearly doubled in the past year, primarily because Yahoo’s 24 per cent stake in Alibaba has been the only way for most investors to buy a slice of a company that is likened to China’s version of eBay and Amazon.com. Yahoo now boasts a market value US$39 billion — most of which analysts estimate is tied to Alibaba’s success.
...
http://www.todayonline.com/tech/yahoo-st...libaba-ipo
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