Alibaba files for its IPO with 618 million users and $5.55 billion in annual revenue
May06
Chinese ecommerce giant Alibaba has filed for its US IPO. The company reported a massive 618 million users and $5.55 billion in revenue for fiscal 2013, which ran through March 31. According to the filing, Alibaba is seeking to raise as much as $1 billion, though that figure could change as the IPO date approaches. In fact, Alibaba’s public offering is expected to rank as the largest tech IPO to date. Alibaba touts itself as the “largest online and mobile commerce company in the world” in its Form F-1. It had $248 million in gross merchandise volume (GMV) in calendar 2013 from…
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