Alibaba reportedly eying "lucky" 8/8 IPO

|About: Alibaba Group Holding Limited (BABA)|By:, SA News Editor

Alibaba (ABABA) wants to start trading on Aug. 8, sources tell Bloomberg. The reason: The number 8 denotes good fortune in Chinese lore, and co-founders Jack Ma and Joe Tsai view it as auspicious.

8/8 also happens to be the date on which the 2008 Beijing Olympics commenced. CNBC previously reported Alibaba's IPO could arrive in the first week of August.

Bloomberg cautions "a weak market or a myriad of other factors" could delay the year's biggest IPO until September. Management reportedly prefers to trade under the symbol BABA; no symbol has been officially proposed yet.

Previous: Alibaba's IPO filing/2013 results