Morgan Stanley Announces Bonuses and 2 Hot Stocks Sparking Chatter
Credit Suisse Group (NYSE:CS): Current Price $28.08
According to Bloomberg, Ali Baba Group Holdings Ltd has appointed Credit Suisse Group (NYSE:CS) and Goldman Sachs (NYSE:GS) to arrange its much awaited, much talked about initial public offering. The report cites knowledgeable sources and says the IPO, to be floated in Hong Kong, could mobilize as much as $3 billion-$4 billion. The IPO could provide a boost to the valuation of Yahoo’s (NASDAQ:YHOO) 23% stake in Ali Baba, China’s largest e-commerce company.
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