WHISPERS: Bankers Say Alibaba Should IPO At A $100 Billion Valuation - And That's Great News For Marissa Mayer
Mario Tama, Getty Images
Right now, investment bankers are battling to win the business.
A source from that industry who has seen some of the pitchbooks floating around says that a few of the bankers are suggesting that Alibaba should go public at a valuation of $100 billion.
Just because bankers are suggesting such a high valuation doesn't mean Alibaba will go for it.
Last week, the WSJ reported Alibaba would IPO at a valuation of $70 billion or more.
Either way, Alibaba is going to be worth a lot more than this fall's other big IPO, Twitter.
Alibaba's high valuation is very good news for Yahoo CEO Marissa Mayer. Yahoo has agreed to sell its stake in Alibaba when it IPOs. At a $100 billion, Yahoo will gross about $7 billion.
$7 billion buys a lot of Tumblr-sized startups. Which is good. Because how else is she going to attract hundreds of millions of new users on mobile?
- Uncertainty over election results may keep market volatile: Experts
- 7 cold destinations in India to escape the summer heat in May
- WhatsApp working on feature that will restrict users from taking screenshots of profile pictures: Report
- Having AI knowledge might increase your chances of landing job interviews, UK study finds!
- After one death due to West Nile Virus in Kerala, Tamil Nadu deploys Mobile Medical Teams in Coimbatore to check disease spread