Simpson Thacher To Rake In $16M For Alibaba's IPO

Law360, New York (September 8, 2014, 8:07 PM EDT) -- Alibaba Group Holding Ltd. will pay $15.8 million in legal fees to Simpson Thacher & Bartlett LLP and the other legal advisers tapped by the Chinese Internet giant to guide its record-shattering $24.3 billion initial public offering on the New York Stock Exchange, according to a Friday regulatory filing.

Alibaba, the world's largest online and mobile commerce company in terms of transactions, set the stage in a Friday regulatory filing to raise as much as $24.3 billion if its shares price at the high end of the $60-to-$66 range and its underwriters exercise their full overallotment, disclosing it would pay six...

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