Alibaba IPO Gets The NMA TreatmentBy: Chris Crum - May 9, 2014
Next Media Animation is at it again. The Taiwanese animators have released this video depicting a predictably insane take on the Alibaba IPO. It involves a giant panda, some puppies, and a genie.
The company filed for the IPO earlier this week. It’s said to be the largest 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 monthly active users. It 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.
You can find the filing here.
Alibaba expects to sell about 12% of its shares, which means that the IPO could generate around $20 billion, according to reports.
Image via YouTube