DealBook: Alibaba Said to Pick New York as Kickoff for Roadshow

Photo The headquarters of the Alibaba Group in Hangzhou, China.Credit Associated Press

The Alibaba Group may be one of China's Internet giants, but the e-commerce behemoth is planning to start investor presentations for its long-awaited initial public offering in New York.

The company plans to begin its roadshow on Monday, according to people briefed on the matter, kicking off a race around the world that will span 100 meetings in roughly 10 days. To help cover that wide expanse of ground, the company will send out two teams of executives and bankers.

Credit Mike Clarke/Agence France-Presse — Getty Images

Other cities on the itinerary will include Boston, Baltimore, Los Angeles, London, Singapore and Hong Kong.

Alibaba is then expected to price its I.P.O. on Sept. 18 and begin trading its shares on the New York Stock Exchange, under the ticker symbol "BABA," on Sept. 19.

The expected price range for the offering, the last major step before the roadshow can begin, is expected to be filed as soon as Friday, these people said, cautioning that the timing might still change.

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