Goldman Sachs Wins Role Stabilizing Early Trade In Alibaba IPO: Source
According to a source, Goldman Sachs Group will be the bank in charge of overseeing early share trading in China’s Alibaba Group Holding Ltd’s initial public offering. The source said other banks working on the e-commerce company’s IPO were eager for the role, also known as the stabilization agent, because of the status and the potential of additional fees associated with it.
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