The market is waiting with bated breath to see the exact size of Alibaba’s IPO, but investors in Yahoo, which owns about 23 percent of Alibaba’s stock, don’t seem impressed. Yahoo’s shares closed Wednesday at $34.07, down 6.6 percent. Yahoo’s stake is worth about $26 billion based on the fair value of about $109 billion Alibaba assigned to its shares in March. Yahoo will sell 40 percent of its Alibaba shares, or 208 million, and might get $10 billion or more. Perhaps investors are concerned because they don’t see much of a future for Yahoo.
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