"Alibaba Group Holding Ltd. is now planning to launch its initial public offering after the U.S. Labor Day holiday on Sept. 1, according to a person familiar with the company.
Alibaba has been working on a potentially $20 billion initial public offering for this summer, and it had been considering launching the deal as soon as the end of this month.
But the company didn't want to rush to complete its pre-IPO work and risk launching the deal in August when the IPO market slows, the person said.
The [IPO] "process is right on track. It's more important to get it right than to get it fast," this person said".
