Alibaba Group postponed listing to end of 2015

Beijing Time December 28 news, according to Science and technology website AllThingsD reported that, because Alibaba Group recently bought shares from Yahoo, the IPO time may be postponed to the end of 2015.

Alibaba Group postponed listing to end of 2015

There have been rumours recently that Alibaba Group will begin listing in the second half of 2013 and at the end of 2013 to early 2014. But this may be premature, according to sources, and it may be more advantageous for Alibaba Group to make an IPO by the end of 2015. Sources said the Alibaba Group's IPO will depend on market conditions and there are no plans to rush to the IPO.

The news is particularly important for Yahoo's shareholders, because a large part of Yahoo's market capitalisation is based on its 22% stake in Alibaba Group and its stake in Yahoo Japan. Earlier this year, Yahoo sold about half of its holdings of Alibaba Group to the latter by 7.6 billion dollars, and gained about 4.5 billion dollars in net income from it. Yahoo has spent most of its earnings on stock buybacks.

Alibaba Group has said: "Under the agreement with Yahoo, in the future IPO, Alibaba Group has the right to buy more than half of the remaining shares held by Yahoo." Yahoo bought a stake in Alibaba Group in 2005 at a price of 1 billion dollars and sold Yahoo China to Alibaba Group. ”

People close to the situation said Alibaba Group management was not in a hurry to go public, and the company had recently invested in Silver Lake, DST, Temasek and Yunfeng funds.