Market Overview

UPDATE: Alibaba Files For $1 Billion IPO

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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. 

Posted-In: Joe TsaiNews IPOs Hot Press Releases General

 

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