Alibaba Updates F-1 Filing
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.
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