Private company intelligence firm PrivCo said in an email that Alibaba would experience a meteoric rise should it proceed with its plans to go public.
PrivCo CEO Sam Hamedeh wrote to information technology news site Venturebeat, "Alibaba's growth has been nothing less than breathtaking. Based on PrivCo's exclusive private company financials of Alibaba, yet-to-file for its IPO, PrivCo conservatively values the company at $110 billion, making founder Jack Ma's over 30 percent stake worth more than $33 billion."
Yahoo Inc would also stand to benefit from the initial public offering as it owned the same percentage of shares as Ma does - 24%.
PrivCo said, "Growth in operating profit has been the most impressive metric thus far. It is projected to have grown at a 216 percent CAGR [ compound annual growth rate ] between fiscal years 2011 to 2013, beating even revenue's 70 percent growth rate."
Alibaba had moved a gross merchandise volume valued at RMB1 trillion or USD157 billion, making it the biggest e-commerce company in the world. Growth rate for this year is at an estimated 61%.
Join the Conversation