Boston, MA 09/09/2014 (wallstreetpr) – Yahoo! Inc. (NASDAQ:YHOO) is deemed to play a pivotal role in the world’s largest Initial Public Offering, sometime soon! Alibaba Group Holding Limited surprised varied mutual funds, hedge funds, and such other institutional investors, and addressed typical governance concerns, that includes a literally controversial spin-off of its holistic online payment service in 2010.
Alibaba is the medium for more than 80% of the net online retail sales across the territories of China. In the imminent trend-setter IPO, Alibaba is set to set around $123.1 Million of the total count of $320.1 Million worth ADS shares for the upcoming IPO. YHOO is one of the remaining top notch shareholders who would offer a bulk of the remaining sum allocated for selling off the ADS shares.
Banks As Joint Bookers
The founder of Alibaba Group Holding, Jack Ma unveiled the company’s marketing blitz in style. This shall be carried across multiple cities for the next two weeks. Alibaba has already set off in wooing and convincing 300 odd salespeople hailing from the six top notch banks – Citigroup Inc (NYSE:C), Credit Suisse Group AG (ADR) (NYSE:CS), JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group Inc (NYSE:GS), Deutsche Bank AG (USA) (NYSE:DB) and Morgan Stanley (NYSE:MS).
The IPO To Look Up To
The Alibaba IPO has been dubbed as the most promising and the hottest IPO of the year. The ruckus and excitement revolving the IPO and the way Yahoo! Inc. (NASDAQ:YHOO) and other stakeholders’ stock price is shooting up across the trade periods, portray that the IPO is eliciting strong and profound anticipation amongst the classes of investors. Such a ruckus was last visible when Facebook Inc (NASDAQ:FB) happened to be the cynosure of all eyes, when it went public on the basis of a $16 billion offering!
Alibaba’s Track Record
The IPO is of considerable importance more because of Alibaba and its stakeholders’ profits galore over the past couple of quarters. Over the past 1 year Alibaba has notched up net merchandise volume sales of $296 billion! Year over year revenue galloped by 46% to a whopping $2.54 billion! Certainly, investors are awaiting an opportunity to invest in such an offering; it goes without saying why Yahoo! Inc. (NASDAQ:YHOO)’s share price is shooting up each day!