UPDATE: Alibaba Files For $1 Billion IPO

Tuesday afternoon, Alibaba.com filed an F-1 form with the SEC that contains details regarding their upcoming IPO. The IPO, which is valued at $1 billion, 

According to the F-1 form, Alibaba.com is the worlds largest online and mobile commerce place, with over 11.8 billion orders annually, with 2013 sales reaching the $5.5 billion level. Net income was $2.16 billion, with an EBITDA figure at $2.67 billion. 

Alibaba has 618 million users, with 136 million using mobile platforms. Alibaba's business-to-business ecommerece platform is active with 231 million annual active buyers, and 8 million active sellers. 

The underlisters for the $1 billion IPO include Credit Suisse Group CS, Deutsche Bank DB, Goldman Sachs GS, JP Morgan Chase & Co JPM, Morgan Stanley MS, and Citigroup C. 

Prior to the IPO, founder & CEO Jack Ma held approxamitley 8.9% of all shares, and Executive Vice Chairman Joe Tsai held 3.6%. 

No ticker symobl has been assigned for Alibaba's IPO. 

As it happens, Benzinga will update investors on the news of Alibaba's IPO.