Alibaba Group Holding added Citigroup Inc, JPMorgan Chase & Co and Morgan Stanley to the sales force of its Hong Kong listing, and invited several Chinese banks to do the same, according to people with knowledge of the matter.
The Chinese e-commerce giant plans to start taking investor orders on November 15, after its Singles’ Day sale, and price the offering on November 20, the people said, asking not to be identified because the information is private. The deal could raise as much as $15 billion, people familiar with the matter have said.
At least four state-owned Chinese investment banks