Alibaba IPO Planned For Next Week, Report Says
Sep. 02, 2014
(Undated) -- Chinese e-commerce behemoth Alibaba is going public next week. The "Wall Street Journal" reports Alibaba will launch its IPO early in the week of September 8th. An unnamed source told the "Journal" that means trading in Alibaba shares could begin as soon at September 18th or 19th. The company will be listed on the New York Stock Exchange. Alibaba provides payment services, digital media, and cloud computing. It might be the biggest e-commerce company in the world. It dominates in China, where most of the more than 300-million people who shop online buy through an Alibaba site. The company is expected to expand internationally.