‘Alibaba IPO To Drop $9 Billion In Yahoo’s Lap’ – ‘Marketing Land’ Article
Greg Sterling says, “The Alibaba IPO is nigh. Next week the Chinese e-commerce company will start trading on the New York Stock Exchange and Yahoo will be one of the big beneficiaries.
The expected range of Alibaba’s share price is $60 to $66 but it could easily go higher depending on demand. And demand is expected to be very strong (to hysterical) for what will certainly be not only the biggest tech IPO but potentially the largest IPO in US history.
The “out of the gate” market cap for Alibaba is likely to be north of $150 billion.
Yahoo currently holds 22.5 percent of the company and is contractually only compelled to sell 140 million shares (a fraction of its interest)”.
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