Thursday, September 18, 2014

Beneficiaries of the Alibaba IPO

Just take a look at these leading financial stocks that are trading higher. These six firms were listed as Alibaba’s lead underwriters: Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase, Morgan Stanley and Citigroup. These are the firms that will be the big winners for bringing public the largest I.P.O. in history. Alibaba is expected to raise more than $20 billion.