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Six banks lead deal

19 Sep, 2014

Six banks are leading the Alibaba IPO РCredit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and Citigroup. Rothschild is an independent adviser. As a group, the 35 banks working on the deal will split a base pool of 1% of the proceeds, as much as $250 million, plus potentially 0.2 percentage points more in incentive fees, as much as $50 million. The top five banks on the deal will share a baseline 15%, or at least $163.5 million. Citigroup will receive 7.5% of the fee pool or at least $16.35 million.