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Alibaba hires more banks on up to US$15 billion listing – sources

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Alibaba has extended its investment banking syndicate as it works towards a US$10 billion to US$15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter.

FILE PHOTO: The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song

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HONG KONG: Alibaba has extended its investment banking syndicate as it works towards a US$10 billion to US$15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter.

The online Chinese retail giant has appointed Citigroup, JP Morgan and Morgan Stanley to work on the deal, as was first reported on Saturday by Bloomberg.

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The deal is being led by China International Capital Corporation (CICC) and Credit Suisse, with the company dueRead More – Source

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