Credit Suisse set to profit again in Alibaba IPO


Credit Suisse (CS) has yet another reason to be excited for Alibaba’s (ABABA) IPO - the bank would make a paper profit of $68M if Alibaba lists at a valuation of $121B, due to $50M worth of convertible bonds it purchased in the group in 2012.

The $68M gains would be a notch higher than the underwriting fees Credit Suisse would see from the IPO. The bank expects to recieve $66M from the offering.

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  • vikramnjnjjdjnd
    , contributor
    Comments (1444) | Send Message
     
    Alibaba hype or no hype seems to be fair at 121 billion valuation. Seems like it will be a force on Wall Street.
    8 Jun 2014, 11:09 PM Reply Like
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