Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing

(Reuters) - Alibaba will pay its investment banking syndicate up to $32.3 million (£25.00 million) for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators.The Chinese commerce e-commerce giant employed two co-sponsors, China International Capital Corporation (CICC) and Credit Suisse , to head the deal which has been carried out over the past week.The two lead banks were joined by Citigroup Inc , JP Morgan and Morgan..