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CRI听力:Alibaba IPO Delayed by One Week

2014-09-01来源:CRI

Its being reported Alibaba has been forced to delay the launch of its much-anticipated debut on the New York Stock Exchange.

Alibaba is now reportedly going to go public during the 3rd week of September.

This is a week later than originally planned.

Insiders say Alibaba needs to answer more questions from U.S. securities regulators.

New reports are suggesting Alibaba IPO price will be set on September 18th.

Its being suggested Alibaba could raise upward of 20 billion US dollars, making it the biggest technology listing in the United States.

Alibaba is estimated to be worth just under 190-billion US dollars.