Alibaba IPO slated for next week, as others wait and watch

Alibaba office_resized_230px
By Rashmi Kumar
01 Sep 2014

E-commerce firm Alibaba Group, which was expected to open books for a jumbo IPO on September 2, has decided to push back bookbuilding by a week. This is bad news for other issuers sitting on the sidelines as they will have to wait slightly longer before they go ahead with their own listings.

China’s Alibaba was originally due to launch its IPO with price guidance on September 2 — one day after the US’s Labor Day holiday. But the company is now due to open books only in the week of September 8, said a Hong Kong-based equity syndicate banker. ...

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