Market Overview

Alibaba Updates F-1 Filing

Related YHOO
Large-Cap Wall Street Stalwarts Consider Consolidation
Tech Earnings Reflect Conscious Attempts At Circumventing Headwinds
60% Return From Reynolds' Smoking Hot Opportunity (Seeking Alpha)

Alibaba filed an amended F-1 Monday.

The updated filing also showed that Yahoo (NASDAQ: YHOO) has a 22.5 percent stake versus 22.6 percent on December 31. It also showed revenue of $8.47 billion for the year ended in March. Shares of Yahoo are selling off sharply on the news and were last down 5.04 percent to $36.94.

The other notable announcement from the filing is the release of 27 individuals who will be responsible for nominating board members. The updated filling indicates that Alibaba has successfully moved through the 30-day allotment the SEC has to question the company.

According to Bloomberg, Alibaba is targeting an August 8 IPO, but the offering may be pushed back to September.

Posted-In: AlibabaNews


Related Articles (YHOO)

View Comments and Join the Discussion!