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Alibaba’s growth accelerates, U.S. IPO filing expected next week

16
Apr
2014

By Edwin Chan SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltds revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected to file prospectus for the share sale as early as Monday, sources said, as it prepares for the largest U.S. IPO since Facebook Incs 2012 coming-out party. Alibaba had no comment on the prospectus filing, a spokeswoman said. The numbers – the latest available for Alibaba – were released on Tuesday alongside first-quarter 2014 earnings for 24 percent shareholder Yahoo Inc. The listing is the most highly anticipated of whats expected to be a record year for U.S. tech debuts, spurred on by social media company Twitter Incs successful 2013 IPO.

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