Alibaba postpones IPO investor meetings: Report
(chinadaily.com.cn) Updated: 2014-09-01 11:21
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Jack Ma speaks during a meeting at the Taobao City, the new office park of Alibaba, in Hangzhou city, Zhejiang province, 27 May 2014. [Photo/China Daily] |
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Chinese e-commerce giant Alibaba has postponed the start of investor meetings for its initial public offering (IPO) by about a week, said a Bloomberg story on Sunday.
To answer questions posed by the US Securities and Exchange Commission, the meetings are expected to begin in the week of September 8, a week later than planned, said the report, quoting an unnamed person with knowledge of the matter.
With Alibaba and shareholders expected to raise as much as $20 billion, the IPO has the potential to be the largest offering in US history.
Jack Ma, founder and chairman of Alibaba, has been crowned China's richest man, with a net worth of $21.8 billion, according to the Bloomberg Billionaires Index.
Ma's wealth could rise even more after next month's Alibaba IPO.
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