Alibaba releases IPO filing, shows off big numbers
- Alibaba ( ABABA) has released its long-anticipated F-1. No trading symbol has been proposed yet, and the company nominally says it's looking to raise up to $1B (it'll almost certainly raise more). The IPO underwriters: Credit Suisse, Deutsche, Goldman, JPMorgan, Morgan Stanley, and Citi.
- Alibaba had 2013 revenue of $5.55B (+73% Y/Y), and net income of $1.35B. Gross margin was 71.9%. R&D spend totaled $604M, sales/marketing spend $581M, and G&A spend $465M.
- The company claims an annual gross merchandise volume (GMV) of $248B on the back of 11.3B orders and 231M active buyers and 8M active sellers.Q4 GMV rose 53% Y/Y to RMB529B, with mobile accounting for 19.7% of the total. Mobile MAUs amount to 136M.
- Chinese commerce accounted for $4.69B of the company's 2013 revenue. International commerce accounted for $669M, cloud services $105M, and everything else $87M.
- Founder Jack Ma owns 8.9% of shares going into the IPO. SoftBank ( SFTBF) owns 34.4%, and Yahoo ( YHOO) 22.6%.
- Yahoo investors are taking the F-1 release in stride. Shares -0.3% AH.
A couple of graphics from the F-1 ( sec.gov ):
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