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May 7, 2014 01:16 am GMT
This afternoon Alibaba filed for its hotly anticipated IPO, detailing its recent financial performance, including revenue for the first nine months of its fiscal year 2013 of $6.51 billion and net income of $2.85 billion for the same period. Alibaba intends to sell around 12 percent of its shares, according to sources, which means that the IPO could bring in around $20 billion. That would value… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/k8QP8955JPM/
Alibaba Files For Massive IPO With 9-Month Revenue Of $6.51B
This afternoon Alibaba filed for its hotly anticipated IPO, detailing its recent financial performance, including revenue for the first nine months of its fiscal year 2013 of $6.51 billion and net income of $2.85 billion for the same period. Alibaba intends to sell around 12 percent of its shares, according to sources, which means that the IPO could bring in around $20 billion. That would value… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/k8QP8955JPM/
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