This afternoon Alibaba filed for its hotly anticipated IPO, detailing its recent financial performance, including revenue for the first nine months of its fiscal year 2013 of $6.51 billion and net income of $2.85 billion for the same period.
Alibaba intends to sell around 12 percent of its shares, according to sources, which means that the IPO could bring in around $20 billion. That would value Alibaba at more than $165 billion. The company’s F-1 document indicates that it could raise $1 billion in the IPO. The final figure, TechCrunch understands, will be far, far higher.
(At that price, Yahoo’s 24 percent stake in Alibaba is worth $39.84 billion. Marissa Mayer’s upcoming talk at TechCrunch Disrupt NY just got more interesting.)
The company grew its top line from a full fiscal-year revenue of $5.55 billion, and net income for that year of $1.39 billion. The company ended December 2013 with $7.8 billion in cash and equivalents. The company has a total of 8 million sellers on its platform.
The IPO, the hottest of 2014, will be underwritten by Goldman Sachs, JPMorgan, Morgan Stanley, Citigroup, and Credit Suisse. Most of the major players of Wall Street are getting a slice of this deal.
The company has 8 million active sellers, accounts for 76.2 percent of all mobile e-commerce sales in China, and had peak one-day shipments of 156 million packages in a single day in 2013.
For the three-month period concluding December 31, 2013, Alibaba’s gross merchandise volume (GMV) totaled $84.96 billion. For comparison, eBay’s GMV for the comparable period was just over $20 billion. Mobile accounted for 19.7 percent of that, a figure that is quickly rising. That growth comes on the back of 136 million mobile MAUs.
Why is the company going public? Because these charts are incredibly beautiful:
And finally, here’s the company’s line item detailing the $90 million that it made from its “Cloud computing and Internet infrastructure” revenue category for the first 9 months of its 2013 fiscal year:
That’s just cool.