See if you can work this out: Yahoo!, which owns 39% of Alibaba Group is, according to Dow Jones, going to invest $100 million in the Alibaba.com IPO. Now, as we reported earlier, 73.5% of the listed stock will belong to Alibaba Group. Now, unless I'm being thick (always possible), that means that $28.665 million of that effectively goes straight back into Yahoo!'s control.
On another piece of idle speculation, what betting that the offer price is HK$8.88? They have been reportedly looking to raise US$1 billion for a while. The leaked term sheets are talking of selling 858.9 million shares. That equates to US$1.164 per share which comes out at HK$9.00. Investors will love $8.88.
Tuesday, October 09, 2007
The money-go-round gets confusing
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