Charity Regatta Rallies as Alibaba IPO Keeps Sailors at Work

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Alibaba’s initial public offering put a slight damper on the fourth annual New York Harbor Regatta.

With just a couple of days’ notice, some of the bankers scheduled to sail on Sept. 19, the day of the IPO, pulled out of the races, which benefit programs at the maritime-driven New York Harbor School on Governors Island.