Home > Business, Economy, Internet > Alibaba IPO and Yahoo Valuation

Alibaba IPO and Yahoo Valuation

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Call me old, but am I the only one that remembers the Palm IPO? OK, so I was among the cattle desperately trying to get shares of Palm, back in the day – March 2000. Now, something with Alibaba smelled very similar to that Palm IPO…

March 2000:

  • Palm IPO rises 150% by closing bell
  • Palm closes opening day with a $53 billion market cap
  • Main Palm shareholder 3com rises drastically as a result of Palm’s market cap

November 2007:

  • Alibaba IPO rises 193% by closing bell
  • Alibaba closes first day of trading with a $25.7 billion market cap
  • Main Alibaba shareholder Yahoo! drops 4.6%???

OK, so Mr. Yang is in the hot seat, but is it so serious as to discount the more than $6 billion they just made off of the Alibaba IPO, plus a nearly $2 billion more in the drop of today?

Then again, investors could be discounting the huge dot-comish PE that Alibaba carries.

Oh, and for those of you wondering how Palm did ever since that monumental IPO… PALM Market Cap:  $0.9 billion

Categories: Business, Economy, Internet Tags: , , ,
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