Alibaba Prices High, Aids Yahoo! (YHOO)
October 29, 2007 by Douglas A. McIntyreAlibaba.com Ltd. raised US$1.5 billion in the biggest ever initial public offering by a Chinese Internet company according to The Wall Street Journal.
The IPO price translates to a multiple of 55 times Alibaba.com’s forecast 2008 earnings.
Yahoo! (YHOO) owns 39% of the company and that share is now valued at about $3.5 billion
Douglas A. McIntyre
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