SHANGHAI, July 18 (AFP): The highly-anticipated US stock offer by Chinese e-commerce giant Alibaba will take place after September 1, the official Xinhua news agency on Friday quoted an anonymous source as saying.
The source said the roadshow for the initial public offering (IPO), which could rival Facebook's flotation, was originally scheduled for late July but would be postponed until after the US Labor Day holiday, Xinhua reported from the eastern city of Hangzhou, where Alibaba is headquartered.
"If not delayed, the roadshow-to last about two weeks-may coincide with Wall Street's traditional vacation time," the source was quoted as saying. "Alibaba does not want to make the IPO process too hasty."
China\\\'s Alibaba plans US IPO after Sept 1: Xinhua
FE Team | Published: July 19, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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