Alibaba will hold its much-anticipated global roadshow and go public on the New York Stock Exchange after Labor Day, sources tells FOX Business Network.

This move is not a surprise. Until now, the Chinese e-commerce giant had also been considering listing the first week of August along with a September date. If the August date was to be achieved, the roadshow would have had to begin next week. However, the Securities and Exchange Commission has yet to complete a review of the company to give it the green light to raise capital in the United States. That is expected to conclude soon.

A source says the delay has nothing to do with current market conditions. The massive deal is simply not finished yet.  Bankers are still working on valuation, pricing range and presentations. Several more disclosures are still needed by the SEC from Alibaba, including updated filings. Alibaba has been trying to avoid a roadshow and listing during the last two weeks of August, when many financiers take summer vacation.

The roadshow -- which will include London, Hong Kong, New York and other cities -- and IPO will happen “sometime after labor day.” There is no confirmation that it will launch immediately after Labor Day.

Alibaba plans to list on the New York Stock Exchange under the ticker symbol BABA, and according to the Wall Street Journal, it could raise more than $20 billion, making it one of the largest IPOs ever, and valuing it at as much as $150 billion.

The Chinese e-commerce giant’s close competitor JD.com (JD), which went public in May, has seen a 32% surge in its stock price since its debut, which could be a sign of a solid debut for Alibaba.

An Alibaba spokesperson declined to comment for this report.

Jo Ling Kent joined FOX Business Network (FBN) as a reporter in May 2013.