Alibaba said to plan Hong Kong-style fees for IPO bankers
Bareksa • 16 Apr 2014
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.