Date
20 August 2017
Trading in Alibaba shares could start on the New York Stock Exchange by mid-August. Photo: Bloomberg
Trading in Alibaba shares could start on the New York Stock Exchange by mid-August. Photo: Bloomberg

Alibaba closes in on IPO start date

Alibaba Group Holding Ltd. could embark on its US listing by the end of this month, the Wall Street Journal reported Thursday, citing people who have seen timing plans.

Alibaba sent a timetable to some existing investors, warning that the process still depends on market conditions, the report said.

All going well, shares could be sold and begin trading on the New York Stock Exchange by mid-August, it said.

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