Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Tuesday afternoon, Alibaba.com filed an F-1 form with the SEC that contains details regarding their upcoming IPO. The IPO, which is valued at $1 billion,
According to the F-1 form, Alibaba.com is the worlds 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 ecommerece platform is active with 231 million annual active buyers, and 8 million active sellers.
The underlisters for the $1 billion IPO include Credit Suisse Group (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 approxamitley 8.9% of all shares, and Executive Vice Chairman Joe Tsai held 3.6%.
No ticker symobl has been assigned for Alibaba's IPO.
As it happens, Benzinga will update investors on the news of Alibaba's IPO.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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