Alibaba is racing against the clock to complete its landmark initial public offering within the next month, according to several people familiar with its plans.
However, the self-imposed deadline is in danger of slipping as the company gets close to the moment when it will have to decide whether to go ahead with an international marketing trip involving its top executives, two of these people said.
The New York listing by the Chinese ecommerce company is widely expected to be one of the largest ever, raising about $20bn. The largest listing to date is Agricultural Bank of China’s $22.1bn deal from July 2010.
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