Although some had expected the much-anticipated initial public offering of Alibaba Group to happen in the first week of August, the Chinese e-commerce company is now planning to go public sometime after Labor Day, a person briefed on the matter told The New York Times reports.
The later date does not come as a complete shock, considering that in order for Alibaba to make the August launch, it would have had to make its presentation to investors by next week, according to The New York Times. This could only be possible if certain technicalities, including a review by the Securities and Exchange Commission, were to be concluded by next week.
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