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Institutionals to get lion’s share of Alibaba spoils

19
Sep
2014

By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) – Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said. By restricting the allocation so narrowly to large institutions, the underwriters on the IPO hope to prevent volatile trading of the Chinese e-commerce companys shares after expected trading begins Friday and in the weeks to come, the sources said. …

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