Alibaba IPO Has Dimon, Other Wall Street Execs On Pilgrimage To CEO Ma's China Digs

  @gmorcroft on
  • JP Morgan Dimon
    JP Morgan CEO Jamie Dimon.
  • JPMorgan Dimon July 2012
    Jamie Dimon.
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Wall Street's top CEOs, most lately Jamie Dimon of JPMorgan Chase (NYSE:JPM), have been making visits to Alibaba Co. CEO Jack Ma in China, looking to curry favor with the Internet giant ahead of its planned $15 billion IPO.

Reuters reported on Friday that Dimon met with Ma on on a trip to China this week. The visit included a handshake and they had a brief encounter, the news agency reported.

Reuters said Citigroup Inc.'s CEO Michael Corbat met with Ma last week.

Reuters estimated that underwriting fees totaling up to $260 million are at stake for the banks competing for the deal.


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