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.
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.
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.
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.
Cette dernière a retenu cinq candidats sur un total de 23 postulants qui ont déposé leurs dossiers auprès de cette autorité. Les recours déposés par plusieurs postulants dont les dossiers ont été rejetés par l'ANIE ont été refusés.
They will be launching this feature in countries like Brazil, Germany, India, Indonesia, Mexico, the United Kingdom and the US. There are options to add multiple images, product or service name, price, description, link, and product or service code.
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 ".
Balayé 4-0, le Borussia Dortmund a encore montré ses limites face au club Bavarois. C'est l'heure du Klassiker entre le Bayern Munich et le Borussia Dortmund .
NHL-leading Capitals beat Knights for 6th consecutive win
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.
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 .
Closing down sale at Mothercare in Peterborough
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.
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.
Cambodia official says Sam Rainsy free to return
Sam Rainsy has several convictions with prison sentences along with charges on several offense pending. In preparation for any unrest, Cambodia's military has mobilized on its borders and near airports.
Central New York Weekend Weather Forecast
A low of 11 degrees was reported in Walpack, Sussex County, while several towns reported temperatures in the low-to-mid teens. Sunday: Colder by afternoon, a 90 percent chance of snow with 2 inches accumulation, and an early afternoon high of 28.
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.