Alibaba To Launch IPO Roadshow On Week Of September 8: Reports

(RTTNews) - Chinese e-commerce giant Alibaba Group Holding Ltd. is planning to formally pitch its new York initial public offering to investors in the week of September 8, media reports said.

The IPO of Alibaba, which recently reported a 46 percent growth in second-quarter revenues on a surge in its mobile business, is expected to be one of the biggest technology issue in the U.S.

Alibaba might reportedly price its offering toward the later half of the week of September 15. The company had previously been expected commence its roadshow next week and then price its shares as soon as September 15.

A report by Wall Street Journal says the Chinese company is waiting for final feedback from U.S. Securities and Exchange Commission to finalize the IPO timing and is expecting the process to complete next week.