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Alibaba IPO Creates $250 Million Payday For US Banks

Bidness etc. - 20 Sep 2014 19:31
Alibaba IPO Creates $250 Million Payday For US Banks Alibaba Group Holding Ltd's (BABA) record IPO raised gross proceeds of around $25 billion. For the banks involved in making the debut possible, this means an accumulated payday of $250 million, or 1% of the proceeds.
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