Credit Suisse Group (NYSE:CS): Current Price $28.08
According to Bloomberg, Ali Baba Group Holdings Ltd has appointed Credit Suisse Group (NYSE:CS) and Goldman Sachs (NYSE:GS) to arrange its much awaited, much talked about initial public offering. The report cites knowledgeable sources and says the IPO, to be floated in Hong Kong, could mobilize as much as $3 billion-$4 billion. The IPO could provide a boost to the valuation of Yahoo’s (NASDAQ:YHOO) 23% stake in Ali Baba, China’s largest e-commerce company.
Should you buy or sell Apple’s stock ahead of earnings in a few days? Our 20-page proprietary analysis will help you save time and make money. Click here to get your SPECIAL REPORT now.