09.09.2014 - Yahoo becomes more expensive before IPO of Alibaba
Yahoo's stock price continues to rise due to positive expectations from the initial public offering of internet giant Alibaba, where the company is the second largest shareholder and after the IPO will have a 16.3% stake. Price range of placement will be 60-66 dollars per share. It is planned to accommodate about 13% of the shares, and the amount of funds raised will be about 19-21 billion dollars. IPO is scheduled for September 18, and the next day will begin trading of shares on the market. We maintain our positive outlook on the shares of Yahoo with the potential growth of 18-20% per year.