Deals
Alibaba Said to Pick CICC, Credit Suisse to Lead Hong Kong Offer
- Company in talks with other banks seeking role on the offering
- E-commerce giant aims to file listing application within weeks
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Chinese internet giant Alibaba Group Holding Ltd. has picked China International Capital Corp. and Credit Suisse Group AG to lead a planned Hong Kong share sale, people familiar with the matter said.
The online retailer is in discussions with other investment banks seeking a role on the offering, according to the people, who asked not to be identified because the information is private. Alibaba plans to file a formal listing application with the Hong Kong stock exchange as soon as the next few weeks, the people said.