Alibaba Said to Pay Credit Suisse, Morgan Stanley Top IPO Fees

Alibaba Group Holding Ltd. awarded Credit Suisse Group AG and Morgan Stanley nearly half of the incentive fees given to the six banks that oversaw its record-breaking initial public offering, people with knowledge of the matter said.

All of the banks and brokerages that worked on the $25 billion IPO will collectively rake in about $300 million for their efforts, according to a Sept. 22 filing from the company.