HONG KONG (Reuters) - Banks handling the initial public offering of Alibaba Group Holding Ltd (>> Alibaba Group Holding Ltd) are set to earn $300.4 million (183.90 million pounds) in underwriting commissions, the Chinese e-commerce giant said in a securities filing on Monday.
The fees are equivalent to 1.2 percent of the total deal, which reached $25 billion after underwriters exercised an option to sell additional shares.
The company will pay $121.8 million in fees, while selling shareholders are set to pay another $178.6 million, according to the filing.
Citigroup Inc (>> Citigroup Inc), Credit Suisse Group AG (>> Credit Suisse Group AG), Deutsche Bank (>> Deutsche Bank AG), Goldman Sachs Group Inc (>> Goldman Sachs Group Inc), JPMorgan Chase & Co (>> JPMorgan Chase & Co.) and Morgan Stanley (>> Morgan Stanley) acted as joint bookrunners of the IPO.
(Reporting by Elzio Barreto; editing by Keiron Henderson)