YHOO: Alibaba IPO reportedly proceeding slowly; Yahoo makes new highs

Alibaba IPO reportedly proceeding slowly; Yahoo makes new highs • 2:07 PM

• "These guys haven’t even hired bankers yet," says a source talking to Marketwatch's John Shinal about Alibaba's anticipated IPO. The source and another person "familiar" with Alibaba's plans state the Chinese e-commerce giant won't go public until next year. As is is, the company woudl've been under a very tight schedule if it wanted to do a 2013 IPO.
• Yahoo (YHOO +3.3%) is nonetheless making new multi-year highs again today, as Alibaba IPO fervor continues to grow (perhaps aided a little by Twitter IPO fervor). Yahoo's Q3 report arrives on Oct. 15; it should be accompanied by Alibaba's Q2 results.
• Previous: Bankers reportedly want Alibaba to have $100B IPO valuation

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