Alibaba is valued at 100B, lol# Stock
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Alibaba Group (ALBCF) has filed its application for listing at the Hong Kong
stock exchange aimed at raising up to $20B and is expected to float in
October with a valuation of $100B, reported The China Perspective, citing
Hong Kong-based Oriental Daily. About $7B from the money raised will be used
to buy back Yahoo's (YHOO) stake in Alibaba, the report added.
stock exchange aimed at raising up to $20B and is expected to float in
October with a valuation of $100B, reported The China Perspective, citing
Hong Kong-based Oriental Daily. About $7B from the money raised will be used
to buy back Yahoo's (YHOO) stake in Alibaba, the report added.