Alibaba working with six banks to lead planned U.S. IPO: sources

Alibaba Group Holding Ltd is working with six banks to lead its planned U.S. initial public offering, sources said on Sunday, in a huge coup that should yield millions of dollars in fees and catapult them in league table rankings. Alibaba is in discussions with Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Goldman Sachs and Morgan Stanley for the underwriting roles, the sources added. Earlier on Sunday, Alibaba said it has started the process for a U.S. IPO, but gave no time frame for the deal or disclose names of banks involved in the process.



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