WSJ: Alibaba IPO to launch week of Sept. 8

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

Alibaba (Pending:BABA) is aiming to launch its IPO early in the week of Sept. 8, with shares possibly trading as soon as Sept. 18 or 19, sources tell the WSJ.

The company initially wished to launch the deal by the end of August but moved the date to September due to investor summer vacations and regulatory approvals.

Alibaba was also waiting to finalize the timing of the launch until after it received final feedback from the SEC. The company is still in talks with the regulator, but expects to wrap up the approvals surrounding its IPO this week.