Alibaba Group Holding Ltd (BABA)

[ciciagt]

Alibaba First-Quarter Profit Triples Ahead of IPO
By Lulu Yilun Chen and Leslie Picker Aug 27, 2014 9:57 AM MT

Aug. 27 (Bloomberg) -- Alibaba’s profit jumped in the first quarter as advertisers boosted spending on the Tmall and Taobao Chinese e-commerce platforms ahead of its initial public offering. Bloomberg Contributing Editor Paul Kedrosky and Bloomberg’s Cory Johnson report on “In The Loop.” (Source: Bloomberg)
Alibaba Group Holding Ltd.’s profit jumped in the first quarter as advertisers boosted spending on the Tmall and Taobao Chinese e-commerce platforms ahead of its initial public offering.

Net income almost tripled to $1.99 billion, or 84 cents a share, in the three months ended June, according to a filing with the U.S. Securities and Exchange Commission. Revenue rose 46 percent in local currency to the equivalent of $2.54 billion.

Today’s figures are likely the last numbers investors will see before deciding whether or not to buy shares in what could be the largest IPO ever in the U.S. Alibaba, China’s biggest e-commerce operator, may kick off its roadshow meetings to market the IPO after Sept. 2, though the timeline hasn’t been finalized, people with knowledge of the matter have said.
http://www.bloomberg.com/news/2014-08-27/alibaba-first-quarter-profit-triples-ahead-of-ipo.html