Banks eyeing Alibaba IPO skip some US$100m of business
They avoid working for the firm's rivals, acquisition targets
Wed, Mar 26, 2014 - 6:00 AM
[HONG KONG] Every big bank in town wanted a piece of the Alibaba Group initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson Reuters data, major banks skipped an estimated US$100 million in combined fees that they could have made from work...