Deals
Alibaba's $105 Billion Lockup Ends, Putting Focus on Yahoo Stake
- Lockup ends after steep decline in value of Alibaba's stock
- Yahoo weighs spinoff of Alibaba stake amid tax uncertainty
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Alibaba Group Holding Ltd. set a record with the size of its initial public offering. Now five times that amount of stock just became available, and all eyes are on Yahoo! Inc.
The lockup on 63 percent of Alibaba shares ended Saturday, freeing up the biggest shareholders to sell stock starting Monday. With Yahoo still working out what to do with its 15 percent stake, investors battered by the e-commerce company’s $128.5 billion market slump are bracing for the worst, such as the possibility of more shares hitting the market and driving prices down further.