 "Alibaba")
Alibaba Group Holding Ltd.’s $11.2 billion Hong Kong share sale may be set to swell the tech giant’s cash pile but the banks are getting just a tiny percentage of that.
Alibaba will pay the banks that underwrote the listing $28.1 million, representing just 0.25% of the deal value, according to the prospectus lodged with the U.S. Securities and Exchange Commission. That is the lowest fee in percentage terms paid to banks out of the 10 largest listings in Hong Kong, data compiled by Bloomberg show. Alibaba could pay them as much as $32.3 million if an over-allotment option of 75
