Alibaba Prices High, Aids Yahoo! (YHOO)

Print Email

Alibaba.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