Deals
Alibaba Said Likely to Sell More IPO Stock in IPO
This article is for subscribers only.
Shares offered by Alibaba Group Holding Ltd. and its backers are likely to account for more of the Chinese company’s initial public offering as Yahoo! Inc. scales back, people with knowledge of the matter said.
Alibaba, in its IPO filings, hasn’t identified any selling shareholders other than Yahoo. Yahoo said yesterday it has cut the maximum number of shares it can sell in the IPO to 140 million from 208 million.