More Banks Join in Alibaba $8 Billion Loan

The number of lenders participating in an $8 billion loan to Alibaba Group Holding in advance of its much-anticipated initial public offering has grown to 22, a person familiar with the loan said on Wednesday.

The large number — well above the 10 that’s common in Asia on loans of more than $5 billion — shows the continued high interest in the company, which is expected to raise tens of billions of dollars in its IPO. For the banks that can underwrite IPOs — that is, that aren’t purely commercial lenders — involvement in the loan has been seen as a way to deepen a relationship with Alibaba that could lead to a large role when the technology giant lists, which could be as early as this year.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »