Chinese e-commerce giant Alibaba Group Holding Inc. has decided to delay in going public in the United States after celebration of Labor Day until September. The decision was based on the fact that preparations for the initial public offering, which was billed as the biggest private financing deal in the history of China, have not been over yet. Initially, the IPO had been slated for August 28. Now the event is scheduled for September. According to the sources close to the situation, the shift of the date might be associated with the fact that most investors are on vacation ahead of the US Labor Day that is celebrated on the first Monday in September. The company’s representatives declined to comment on the matter. China's largest e-commerce company was founded in 1999 by the owner of Alibaba.com. From the very beginning, it was regarded as the trade platform for small and medium enterprises. Alibaba is a great corporation with 20,000-plus workforce.
