HONG KONG Aug 30 Chinese e-commerce company
Alibaba Group Holding Ltd IPO-BABA.N is set to start formally
pitching its New York initial public offering to investors in
the week of Sept. 8, the New York Times reported, citing an
unnamed person briefed on the decision.
The IPO 'roadshow' had previously been expected to be
launched this coming week, with pricing of the offer set for as
early as Sept. 15. Pricing of the shares is now more likely to
come later in that week, the paper added.
An external spokeswoman for Alibaba in Hong Kong declined to
comment on the IPO plans when contacted by Reuters on Saturday.
The much-anticipated IPO could raise more than $20 billion,
making it the biggest technology issue in the United States.
Separately, citing a person familiar with the deal, The Wall
Street Journal reported that Alibaba was waiting to finalize the
IPO timing until it received final feedback from the U.S.
Securities and Exchange Commission (SEC).
The company expects talks with the SEC to wrap up next week,
the person said.
(Reporting by Elzio Barreto; Editing by Ian Geoghegan)