The fees are equivalent to 1.2 percent of the total deal, which reached USD 25 billion after underwriters exercised an option to sell additional shares.
Banks handling the initial public offering of Alibaba Group Holding Ltd are set to earn USD 300.4 million in underwriting commissions, the Chinese e-commerce giant said in a securities filing on Monday.
The fees are equivalent to 1.2 percent of the total deal, which reached USD 25 billion after underwriters exercised an option to sell additional shares.
Also read: India can see $100bn worth e-comm co in 10-20 yrs: Snapdeal
The company will pay USD 121.8 million in fees, while selling shareholders are set to pay another USD 178.6 million, according to the filing.
Citigroup Inc, Credit Suisse Group AG , Deutsche Bank,Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley acted as joint bookrunners of the IPO.
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Alibaba IPO underwriters earn $300 m in fees, 1.2% of deal
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