Monday, September 22, 2014

Yahoo Is Both Winner and Loser in Alibaba's IPO - Businessweek

Interesting times for Yahoo shareholders

"Yahoo! (YHOO) is having a heck of a day. The company just sold a chunk of Alibaba (BABA) stock as part of that company’s initial public offering that was worth a cool $9 billion—as much as Yahoo has made in revenue over the last two years. At the same time, the value of Yahoo’s remaining Alibaba stock climbed to about $37 billion (the company owns about 401 million shares). But Yahoo’s own stock lost 3.5 percent of its value, or $1.5 billion in total market cap, dropping the company to an overall valuation of $40.4 billion."
Yahoo Is Both Winner and Loser in Alibaba's IPO - Businessweek
Post a Comment