Investors hoping to finally buy a piece of the Alibaba Group will have to wait a little longer.
The Chinese e-commerce giant is planning to begin formally pitching its highly anticipated roadshow to investors, the last stage before it begins life as a publicly traded company, on the week of Sept. 8, a person briefed on the matter said late on Friday.
Under the latest timetable, Alibaba will hope to price its stock sale toward the later half of the week of Sept. 15, this person added.
That would likely mean that the latest revision to the online market opetator’s prospectus — including key details like the expected price range of its shares and which of its existing investors plans to sell at least some of their holdings — will be pushed back to the week of Sept. 8 as well.
The new schedule pushes the investor presentations back by several days. Previously, the Chinese company had anticipated beginning its roadshow next week and then pricing its shares as soon as Sept. 15.
A spoken for Alibaba declined to comment.
