Internet giant Yahoo plans return to the stock market
The former Internet giant Yahoo wants to build on past successes with an IPO

The Internet company Yahoo plans to return to the stock exchange in order to regain its former importance. The company, which is one of the pioneers of the Internet, has lost much of its relevance in recent years. Yahoo's CEO, Jim Lanzone, announced to the Financial Times that the company is financially ready and extremely profitable. Yahoo was founded in 1994 and became one of the most popular websites in the world in the 1990s. However, Yahoo lost importance over time, especially with the rise of Google. Despite several attempts at realignment, the company was unable to stop the shrinking process.
In 2017, telecom company Verizon acquired Yahoo, and since 2021, the company has been owned by financial investor Apollo. Yahoo still operates a popular Internet portal and has several business units such as Yahoo Finance, Techcrunch and an email service. In Internet search, Yahoo says it ranks third, but far behind market leaders Google and Microsoft.
CEO Jim Lanzone announced he would be on the lookout for interesting acquisition opportunities. Recently, Yahoo acquired sports betting app Wagr to expand its sports business. With the planned IPO, the financial investor Apollo wants to place at least part of its shares on the market and thus potentially generate considerable profits.
