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    Yahoo! Boosted By Alibaba IPO Prospects

    NEW YORK (TheStreet) — The recent run-up in Yahoo!’s shares can be largely attributed to the pending Alibaba initial public offering, as the Chinese e-commerce giant gets set to list its shares. It won’t be doing that in Hong Kong, however.

    Reuters reported that the Hong Kong Stock Exchange is out of the running, citing comments from CEO Jonathan Lu in an interview. “The Hong Kong authorities need time to study this corporate governance structure (for knowledge-based companies),” Lu said during the interview.

    While Lu has not committed to any other exchange, including the New York Stock Exchange, it’s now an almost certainty that Alibaba, of which Yahoo! owns 24% of, will list in the U.S. It’s unclear whether Alibaba will list on the NYSE or the Nasdaq, but it’s a good bet the company will list here, which has helped investor enthusiasm for the upcoming offering…

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