Why Yahoo! (YHOO) Stock Is Up in After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Yahoo!  (YHOO) rose 0.83% to $39.92 in after-hours trading Friday after Alibaba filed a report with the SEC to state it would price its IPO of 320 million shares at $66 a share.

The shares will be priced on Thursday, September 18 and will begin trading on the New York Stock Exchange on Friday, September 19 under the symbol BABA, according to CNBC.

The IPO would value Alibaba at up to $163 billion and the offering would total approximately $21 billion. If it reaches these figures, then this would be the largest IPO in U.S. history, as it would surpass Visa's  (V) IPO of $17.9 billion in 2008.

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Yahoo would sell 121.7 million shares of Alibaba in the offering.

Separately, TheStreet Ratings team rates YAHOO INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate YAHOO INC (YHOO) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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