Jeremy Steinberg
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Jeremy Steinberg in Deals, M&A and more!,

Alibaba moving toward IPO by mid-September

Alibaba Group BABA, +0.00% is set to kick off its initial-public-offering process during the week of Sept. 8, according to anexclusive Wall Street Journal report, with shares on track to begin open-market trading as soon as Sept. 18 or 19. The Chinese Internet company, in which Yahoo holds a 24% stake, is believed to carry a market valuation of about $130 billion. The company, according to the Journal report, remains in talks with U.S. financial regulators. The stock is slated to trade under the ticker symbol "BABA."