Deals
Ex-Morgan Stanley Bankers Win Coveted Role on Alibaba Unit IPO
- Ampere Partners serves as financial adviser to Cainiao IPO
- Duo left Morgan Stanley in 2019 to found boutique HK firm
Ampere’s relationship with Alibaba may help the boutique firm land more work.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Alibaba Group Holding Ltd. is turning to a pair of Hong Kong-based bankers it knows well for the initial public offering of its marquee logistics unit.
Ampere Partners, a boutique firm founded by senior former Morgan Stanley dealmakers, has landed the coveted role of financial adviser to Cainiao Smart Logistics Network Ltd., according to a preliminary Hong Kong exchange filing Tuesday. The listing could raise at least $1 billion, Bloomberg News has reported — potentially delivering a significant win for a four-year-old upstart firm.