UPDATE: Alibaba Files For $1 Billion IPO

Tuesday afternoon, Alibaba.com filed a Form F-1 with the SEC that contains details regarding its upcoming IPO.

According to the F-1 filing, Alibaba.com is the world's 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 e-commerce platform is active with 231 million annual active buyers and eight million active sellers. 

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

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

No ticker symbol or exchange has been assigned for Alibaba's IPO.