Quantcast

Alibaba Finally Files For IPO, Which Is Said To Be Largest Ever For Tech Company

Get the WebProNews Newsletter:


[ Business]

As expected for quite a while, Alibaba has finally filed for its IPO, and word is that it will be the biggest one ever for a tech company.

The Chinese e-commerce giant dominates mobile commerce in that country, accounting for a reported 76% of all sales and roughly 136 million MAUs.

Alibaba also detailed its financial performance for the first nine months of its fiscal year 2013, which includes revenue of $6.51 billion and net income of $2.85 billion. Here’s the filing (via Mercury News):

AlibabaF1050614.pdf

The company expects to sell about 12% of its shares, which means that the IPO could bring in around $20 billion, according to reports.

Here’s what the Twitterverse is saying about the company:


Image via Wikimedia Commons

Alibaba Finally Files For IPO, Which Is Said To Be Largest Ever For Tech Company
Comments Off on Alibaba Finally Files For IPO, Which Is Said To Be Largest Ever For Tech Company
Top Rated White Papers and Resources

Comments are closed.

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom