When Alibaba reveals its prospectus for what could rival the largest initial public offering by a private company to date, one page will reflect the behind-the-scenes jockeying that advisers have engaged in while preparing to list China’s ecommerce giant.
People involved in the process said five global banks would be displayed prominently in alphabetical order – Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase and Morgan Stanley.
Citigroup’s position just behind those names will reflect its smaller role in the preparations and the smaller share it is set to earn of what could be one of the largest paydays from an IPO, these people said.
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