The underwriters of Ant Group’s IPO had been set to split an underwriting fee worth about US$400 million following its debut. Photo: Reuters
The underwriters of Ant Group’s IPO had been set to split an underwriting fee worth about US$400 million following its debut. Photo: Reuters
Ant Group

Suspension of Ant Group’s IPO likely to cost investment banks US$400 million in fees

  • Two dozen investment banks had been set to receive a fee worth 1 per cent of the offering in Hong Kong
  • The deal had been set to shake up the league table for Hong Kong’s equity capital market transactions

The underwriters of Ant Group’s IPO had been set to split an underwriting fee worth about US$400 million following its debut. Photo: Reuters
The underwriters of Ant Group’s IPO had been set to split an underwriting fee worth about US$400 million following its debut. Photo: Reuters
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