By Ryan W. Neal - Alibaba Group Holding Ltd., China’s largest e-commerce website, officially filed for its U.S. initial public offering on Tuesday and confirmed what many have suspected: that the giant company has the potential to become the most valuable U.S. IPO of all time.
According to an F-1 document filed with SEC, which gave the first official look into the company’s finances, Alibaba made $5.55 billion in revenue in 2013, and total revenue was $1.6 billion.
Below is a graphic from Alibaba revealing more information about the company's size and growth, as well as a screenshot from the SEC document showing the company's revenue.
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In the nine months that ended December 21, 2013, Alibaba's revenue was more than $6.5 billion, a 57 percent year-over-year increase. Net income in that same period inreased 305 percent to $2.9 billion.
The company did not specify how many shares it would offer or how much those would be worth, but Bloomberg said that Alibaba is looking to sell about 12 percent of the company. The company is reportedly looking to raise about $20 billion with the IPO, which would beat Visa’s $19.65 billion IPO in 2008.
Alibaba has not yet decided on a stock ticker.
You can read the full F-1 form here.