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Alibaba IPO Update: Profits Triple Ahead of Mega-Deal
Investors received an update on the highly anticipated Alibaba IPO this morning when Alibaba Group Holding Ltd. (NYSE: BABA) announced its financial results from Q2.
In its fifth F-1 amendment to the U.S. Securities and Exchange Commission (SEC) since filing for an IPO, Alibaba noted today that its revenue was $2.54 billion in Q2, a 46% increase from the previous year.
But strong revenue growth wasn’t the most bullish figure in the report…
Investors received an update on the highly anticipated Alibaba IPO this morning when Alibaba Group Holding Ltd. (NYSE: BABA) announced its financial results from Q2.
In its fifth F-1 amendment to the U.S. Securities and Exchange Commission (SEC) since filing for an IPO, Alibaba noted today that its revenue was $2.54 billion in Q2, a 46% increase from the previous year.
But strong revenue growth wasn’t the most bullish figure in the report…