Alibaba Falls as Lockup Ends, Putting Focus on Yahoo's Stake
- Trading restriction ends on almost 1.6 billion shares
- Yahoo weighs spinoff of Alibaba stake amid tax uncertainty
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Alibaba Group Holding Ltd. fell as trading restrictions ended following the Chinese e-commerce company’s initial public offering.
The shares declined 2.8 percent to $63.90 at the close Monday, leaving the stock down 32 percent from its first day of trading last September.