News has leaked that Alibaba Group will name its advisers for its IPO next week. At that time the approximate date of the IPO will be released.
It looks like Alibaba will name their advisors when Ma steps down.
Deadlines and rumors, never a shortage.
Don't you get tired of being wrong. Coldone made a fool of you.
An announcement is near.
My sources tell me Alibaba Group executives have met with five possible candidates to advise it on their IPO. Jack Ma has been very involved and Alibaba's tentatively new CEO has also been present at all meetings.
mb99 always gets it right!
Thanks for the update, mb99. Kara Swisher has been cut off from all things Yahoo. She is a lowly head counter these days.
Any news yet smedley?
This won't take long.
We should hear something by next week.
Once all sides agree to a deal, the investment bank puts together a registration statement to be filed with the SEC. This document contains information about the offering as well as company info such as financial statements, management background, any legal problems, where the money is to be used and insider holdings. The SEC then requires a cooling off period, in which they investigate and make sure all material information has been disclosed. Once the SEC approves the offering, a date (the effective date) is set when the stock will be offered to the public.
The 18th is here. Alibaba's IPO process has begun.
An IPO in 2013 has many benefits for Alibaba Group.
Tomorrow kicks things off.
Once advisers are hired this IPO will be ready in 6 to 9 months.