Alibaba Group Holding


Alibaba takes charge of bankers

Alibaba's desire to keep tight control over its $21.1bn share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation.

Barclays said backed the wrong billionaire.

The investment bank lost the chance to be among firms sharing hundreds of millions of dollars in fees from Alibaba Group's initial public offering when it advised and financed Charlie Ergen’s failed effort to buy Sprint Corp. last year, several people with knowledge of the matter said.