Alibaba's bookbuilding and listing is expected to take pack in the week beginning on November 25, according to the sources. However, Alibaba declined to comment on the issue.
Alibaba is on the lookout to scoop up among $10 billion and $15 billion in the original public supplying, Bloomberg Information cited unnamed resources as indicating, and is on the lookout to hold a listening to into the move-as mandated by the Hong Kong exchange rules-next 7 days.
What you should know: If Alibaba realises up to the planned $15 billion IPO, it will be the biggest IPO since insurance company, AIA Group Limited which raised $20.5 billion in 2010.
That would be a welcome change for domestic Chinese investors who, because of an effective bar to owning shares overseas, have not been able to share in the success of Alibaba, and the other successful Chinese tech companies listed overseas.
However, it is lower than the US$20 billion it had aimed to raise initially. Alibaba previously mentioned that the Company is looking to expand into less developed regions as its retail sales continue to slow down.
Despite months of ongoing pro-democracy protests, Hong Kong's stock market has chugged along.
Harry and Meghan join William and Kate for remembrance service
Exactly six months after their first baby, Prince Harry may have just hinted that the couple are preparing for their second child. Each royal accessorized with a red poppy pin - an artificial flower that has been used to honor fallen veterans since 1921.
The listing could yet be delayed, however, if the protests worsen once more.
The new timing means the company will have an opportunity to show prospective investors its most recent sales figures after Monday's Singles Day, mainland China's largest annual online shopping day.
Alibaba's sales a year ago reached $30bn on the day, which was more than three times as large as Cyber Monday, the equivalent shopping day in the US.
The company reported a sales increase to 119 billion yuan ($16.9 billion) during the third quarter, up 40% on a year earlier, despite the fact that China is experiencing an economic slowdown.
Alibaba will next week appoint more banks to help sell its shares in Hong Kong, the sources said.
Credit Suisse and China International Capital Corp. will be the lead underwriters on the deal. Major investment banks, led by Morgan Stanley and Goldman Sachs, are jockeying for the most senior positions behind those two.
Vegas is tied for ninth in the league with the man advantage as they convert 21.7 percent of their power play chances this season. Bertuzzi and Dennis Cholowski assisted on the marker: Detroit gave up a goal later in the period to make it a one-goal game.
In the recent episode of Weekend Ka Vaar, Salman lashed out at Mahira Sharma after her showdown with Sidharth in BB factory task. Fans of the reality show took a dig on Salman by writing '#BiasedHostSalmanKhan'. "Trending since last night till now".
Authorities have appealed to people to register themselves, and register details if they are concerned for missing loved ones. On Friday evening, a State of Fire Emergency for Queensland residents was declared: "It is now too late to leave the area".
Sure, there are a few challenges to the mass adoption of electric vehicles, but I'll come to that later. Like the new VW ID.3 hatchback officially unveiled at the Frankfurt Motor Show in September, the ID.
The singer, 26, recently underwent vocal cord surgery after being hospitalized for tonsillitis last month, People reports . As a result of the issue, Cyrus, who has been working on new music , has needed to put recording and performing on hold.
Subban and Frederik Andersen stood tall through the first 40 minutes of the game as neither allowed a goal in two periods of play. Max Pacioretty: Pacioretty opened the scoring in the third period and gave Vegas the lead early in the final frame.
Customers can expect to find a huge range of discounts and bargains as all stock must go before the Romford store closure. While Mothercare's worldwide shops remain profitable, its United Kingdom division faced serious financial difficulties.
The professional dancer will link back up with his partner, Alex Scott, after he had to take time off due to an injury. Motsi Mabuse told them: "That is the best dance I've seen on my first season of Strictly ".
Thousands watch rare Japan imperial parade
The sunny streets of Tokyo are already filling up with excited crowds ahead of Emperor Naruhito's enthronement procession. Hours before the parade, Yukari Oshita said she felt a closeness to Naruhito, the first emperor born in post-war Japan .
No. 13 Minnesota stays unbeaten vs No. 5 Penn State, 31-26
Given the stakes, the stage and the production, this was arguably the best game Najee Harris has had in an Alabama uniform. Tagovailoa limped off the field after the game, his first since suffering an ankle injury against Tennessee on October 20.
Weber scores twice as Habs down Kings
Weber was the centre of attention on this night, not because he scored twice, but because of the way he scored his first goal. Nate Thompson also scored and Carey Price made 31 saves. "We had a good second, we had a good third", Kopitar said.
Heat on lockdown regarding Dion Waiters' health situation
Waiters has yet to suit up for the Heat this season and was for the opening night game for " conduct detrimental to the team ". Heat officials told NBC Sports after the game they would not comment on Waiters, his health or status with the team.
Manchester United vs Brighton
Meanwhile, United now prefer to play on the counter-attack, with their best games coming when they didn't have much of the ball. United were able to beat over Partizan during the week, but it may have cost them two key players in the process.
Barty strikes back in France Fed Cup final
She finished with 15 winners and eight aces. "I love these sort of matches, the bigger the pressure, the more special the event". The Australian finally held serve on her seventh attempt, but it only slightly delayed Mladenovic's inevitable victory.