Alibaba Denies Hiring Investment Banks for Share Sale
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Alibaba Group Holdings Ltd., China’s biggest e-commerce company, denied hiring Credit Suisse Group AG and Goldman Sachs Group Inc. to arrange an initial public offering in Hong Kong.
“We have not hired any banks in connection with any IPOs,” John Spelich, a Hong Kong-based spokesman for Alibaba, said yesterday by telephone. Officials at Credit Suisse and Goldman Sachs declined to comment.