Why RBC Quit Its Lucrative Role on Giant Alibaba IPO

By Sarah Krouse

Alibaba said RBC was an ‘excellent partner’, quit over an ‘abundance of caution.’
Associated Press

RBC Capital Markets withdrew from its role as an underwriter on last month’s record-breaking flotation of Alibaba Group Holding Ltd. because of comments made during the quiet period by a wealth management executive at the group.

The …read more

Source:: MoneyBeat