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Alibaba said to plan Hong Kong-style fees for IPO bankers

Bareksa16 April 2014
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Alibaba said to plan Hong Kong-style fees for IPO bankers
Jack Ma, founder of Alibaba Group Holding Ltd., sings at an event to mark the 10th anniversary of Taobao Marketplace, in Hangzhou on May 10, 2013 - (Bloomberg/Peter Parks)

Estimates of Alibaba’s valuation suggest the company could raise as much as $18 billion in the sale

Bloomberg - Alibaba Group Holding Ltd. is planning to award about one-third of the fees for its initial public offering in the form of incentive bonuses to coax better performance from underwriters, people with knowledge of the matter said.

China’s largest e-commerce company plans to pay at least 1.1 percent of the total IPO proceeds in fees, two people said, asking not to be identified discussing private information.

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