Oh Yes ,,,,,,,,, The Game is On !!!!!!!!
Alibaba reportedly opting for U.S. IPO; Yahoo rises
Feb 28 2014, 10:51 ET
Chinese portal Sina reports Alibaba (ABABA) plans to go public in the U.S. rather than Hong Kong, and has hired Morgan Stanley and Credit Suisse to assist with the offering.
Yahoo (YHOO +1.5%) is trading higher. A U.S. IPO would allow Alibaba to tap into the white-hot demand shown by American capital markets for fast-growing Internet companies (whether U.S. or Chinese).
Yahoo sold off last month after reporting Alibaba's Q3 revenue only grew 2% Q/Q (Y/Y growth was still 51%). RBC has assigned the Chinese e-commerce leader a $150B valuation.
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Yes,,, Up We Go !!!! See Ya At $50..........