NEW YORK (TheStreet) -- Alibaba filed with the SEC Tuesday evening and investors want in on its forthcoming IPO. But, until the Chinese company debuts on a U.S. exchange later this year, would-be Alibaba shareholders are bidding up Yahoo! (YHOO) in anticipation of the company making tens of billions off of its 24% stake in the world's largest e-commerce Web site.
Yahoo! rose about 1% in after hours trading to $36.49-per-share as Alibaba's SEC registration circulated the Web. The company disclosed key information in the filing. Highlights include:
$248 billion in merchandise sold on Alibaba's retail sites last year.
$231 million "active" buyers visit Alibaba each year.
On average, active buyers order merchandise 49 times each per year.
136 million mobile annual users $37 billion in merchandise ordered via mobile devices last year
Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and Citigroup will underwrite the offering.
What wasn't in the filing was the IPO price or a real number of how much Alibaba will raise. In the registration document, Alibaba says it plans to raise a maximum of $1 billion, though most investors say that is a placeholder number that is up to 20X less than Alibaba actually intends to raise.