Home » Yahoo Stock Climbs in Anticipation of Alibaba.com IPO

October 29, 2007

Yahoo Stock Climbs in Anticipation of Alibaba.com IPO

Yahoo stock has climbed again over the weekend, but not soley because of its new advertising partnerships or efforts to open up the Yahoo network to third parties. Instead, the stock is climbing as Wall Street prepares for the $1 Billion Alibaba.com IPO, which Yahoo is set to purchase 10% of, or $100 Million.

Beyond the global B2B marketplace that Alibaba provides is also its Taobao ‘eBay style’ marketplace and its AliPay ‘Paypal style’ online payment service.

As Alibaba’s value continues to grow, subsequently, so would that of Yahoo. paidContent feels that the Yahoo investment in Alibaba’s IPO could lead to a solid jump in Yahoo share value, adding more than $13 per share over the next few years. Not bad for a stock which is now valued at only $32 per share.

Filed under Search Engines by Loren Baker, Editor

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