Yahoo! Climbs Pre-Market With Alibaba IPO Announcement
Yahoo Inc. (NASDAQ:YHOO) shares are up between $38.40 and a high of $39.79 in early Monday pre-market trade after China-based Alibaba said it will hold its Initial Public Offering (IPO) in the U.S. The e-commerce company is reportedly in talks with about six banks to underwrite the IPO. The listing could bring in about $15…