Alibaba May Launch IPO In July
Alibaba Group Holding Ltd. (NYSE: BABA) may launch its initial public offering as soon as late July, according to a report from Dow Jones.
Citing people familiar with the matter, Dow Jones reported that Alibaba shared the information with investors in an email.
The email outlined plans for a series of meetings with potential future investors, called the roadshow. Timing is dependent on market conditions.
Investors were asked to agree to a 180-day lock-up period, a general practice for insiders, Dow Jones said.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.