It’s the buzziest IPO of the year so far, and Sarah P. Payne is part of it—Alibaba’s proposed public offering. The Sullivan & Cromwell partner is one of the attorneys advising the underwriters on the U.S. IPO of the Chinese company. According to the “Wall Street Journal,” the offering, which will most likely take place in early September, could raise more than $20 billion.
Alibaba Group Holding Ltd. is the largest online and mobile commerce company in the world in terms of gross merchandise volume in 2013, according to the company’s filings with the U.S. Securities and Commission. The underwriters on the deal include Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Morgan Stanley & Co. International plc and Citigroup Global Markets.