Alibaba aims to launch share sale in early September: Source
Published on Aug 30, 2014 9:50 PM
HONG KONG (REUTERS) - Chinese e-commerce company Alibaba Group Holding Ltd IPO-BABA.N is planning to launch its New York stock market debut in the week of Sept 8, a person briefed on the matter told Reuters on Saturday.
The much-anticipated sale or initial public offering (IPO) could raise more than US$20 billion (S$25 billion), making it the biggest technology listing in the United States.
The company is still awaiting final approval from the US Securities and Exchange Commission (SEC) to kick-off the listing, the person said, adding that the date was still a moving target.
The source declined to be identified as the information is not public.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!