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.
Alibaba IPO update
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- Alibaba IPO: E-Commerce Giant Confirms U.S. IPO
- Alibaba IPO: As Industry Competition Heats Up, Alibaba Buys ChinaVision
- Alibaba IPO 2014: Why This Chinese Giant's Value Keeps Rising
- What Is Alibaba?
There's still no official date set for the Alibaba IPO, but that hasn't stopped analysts and investors from speculating about the size of the company's initial public offering.
According to some analysts, the Alibaba IPO could raise almost as much as Facebook Inc.'s (Nasdaq: FB) 2012 IPO, which raised $16 billion.
Facebook was valued at $104 billion when it made its public debut on May 17, 2012. At the time, that was the highest valuation of any American IPO.
Alibaba Group Holding Ltd. confirmed yesterday (Sunday) what many had been expecting for months - that the Alibaba IPO will be filed in the United States.
Company officials stated that Alibaba has "decided to commence the process of an initial public offering in the United States. This will make us a more global company and enhance the company's transparency, as well as allow the company to continue to pursue our long-term vision and ideals."
With the Alibaba IPO on the horizon, the Chinese e-commerce giant took another big swing at the competition this week when it purchased a 60% stake in ChinaVision Media Group Ltd.
Alibaba spent approximately $804 million on the deal. ChinaVision is a television and film production company, and the acquisition will allow Alibaba to offer additional entertainment content to its customers.
When rumors first began swirling last year about an Alibaba IPO, analysts estimated that China's largest e-commerce company could be valued as high as $100 billion.
According to a Reuters poll this month, eight analysts estimated that Alibaba could raise $15 billion through its IPO - at a valuation of $140 billion.
There's a reason why Alibaba's value continues to rise ahead of its IPO.
The e-commerce giant has been busy lately...
It's the largest e-commerce company in China, which is the second largest e-commerce market in the world, but for many investors the question remains: "What is Alibaba?"
One answer: It's the largest initial public offering (IPO) hitting the markets as soon as this year. When rumblings of the Alibaba IPO started, it was thought that the company would be valued at $100 billion. Now, that figure has climbed as high as $150 billion.