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Alibaba IPO legal fees dwarf Facebook’s

06
Sep
2014

Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago. Alibaba, which is seeking to raise as much as $21 billion in an IPO expected later this month, made the disclosure in a prospectus on Friday filed with the U.S. The legal fees for Alibabas IPO rank the fourth highest in the past 10 years, according to IPO Vital Signs. The 2013 IPO of Empire State Realty trust ranked the highest, with a whopping $32.8 million in estimated legal fees, while the IPO of Kinder Morgan in 2011 cost the pipeline company $17 million.

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