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Alibaba Files for Much-Anticipated IPO

2014-05-07 18:13:24| TechNewsWorld

Chinese e-commerce behemoth Alibaba filed an initial public offering prospectus Tuesday, inching closer to what could be the biggest technology IPO in history. Alibaba Group handles 80 percent of all online commerce in China; it processed some $250 billion worth of transactions for 231 million users in 2013. The company's market value has been estimated as high as $200 billion.

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Alibaba's business model and the Chinese market make its IPO hot

2014-05-07 13:55:03| InfoWorld: Top News

Alibaba Group is the e-commerce player from China that you may have never heard of. But it's set to make one of the biggest initial public offerings in the U.S., possibly raising more than $20 billion, analysts say.

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Alibaba files for IPO

2014-05-07 07:56:00| Telecompaper Headlines

(Telecompaper) Chinese e-commerce group Alibaba has filed for an initial public offering of shares in the US. The IPO would raise an initial USD 1 billion, according to the estimated fees for the preliminary prospectus filed with the SEC. The exact amount of shares sold and at what price will be decided closer to the listing. The filing confirms that Alibaba is growing quickly, with revenues in the nine months to end-2013 rising to CNY 40.47 billion from CNY 25.84 billion a year earlier. Over the same period its net profit more than tripled, to CNY 17.53 billion. The company's three marketplaces, Taobao, Tmall and Juhuasuan, had 231 million active buyers and 8 million sellers last year, who generated CNY 1.542 trillion (USD 248 billion) in transactions. In addition, the company operates the wholesale site Alibaba.com and the consumer site AliExpress and provides cloud computing services. Alibaba's largest shareholders are Japan's Softbank with 34.4 percent of the shares, Yahoo! with 22.6 percent and founder Jack Ma with 8.9 percent. 

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Alibaba files for US IPO

2014-05-07 02:00:00| Total Telecom industry news

Chinese e-commerce giant expected to raise more than $15 billion when it makes its stock market debut.

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Stock Takes: Next tech IPO?

2014-05-02 09:21:37| Agriculture - Topix.net

New Zealand tech company ikeGPS may carry out a stock exchange listing later this year when it looks to raise up to $40 million in expansion capital.

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