UPDATE: Alibaba Files For $1 Billion IPO
Tuesday afternoon, Alibaba.com filed a Form F-1 with the SEC that contains details regarding its upcoming IPO.
According to the F-1 filing, Alibaba.com is the world's largest online and mobile commerce place, with over 11.8 billion orders annually, with 2013 sales reaching the $5.5 billion level.
Net income was $2.16 billion, with an EBITDA figure at $2.67 billion.
Alibaba has 618 million users, with 136 million using mobile platforms.
Alibaba's business-to-business e-commerce platform is active with 231 million annual active buyers and eight million active sellers.
The underwriters for the $1 billion IPO include Credit Suisse (NYSE: CS), Deutsche Bank (NYSE: DB), Goldman Sachs (NYSE: GS), JP Morgan Chase & Co (NYSE: JPM), Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C).
Prior to the IPO, founder & CEO Jack Ma held approximately 8.9 percent of all shares, and Executive Vice Chairman Joe Tsai held 3.6 percent.
No ticker symbol or exchange has been assigned for Alibaba's IPO.
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