Goldman Sachs joins Alibaba loan team as IPO approaches, Reuters reports

theflyonthewall.com

Goldman Sachs joined Alibaba Group's $8B loan with $500M in financing as the Chinese e-commerce giant prepares for a huge IPO expected as early as Q4. Goldman will be mandated lead arranger and book runner on the three-tranche loan, which has a June 7 deadline, sources say, reports Reuters.

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