Briefing

Investment banks lose hundreds of millions in fees from Ant Group’s IPO halt

A bevy of major investment banks will potentially lose out on up to US$400 million in fees as a result of Chinese regulators suspending Ant Group’s public-market debut this week. The bookrunners on Ant’s Hong Kong listing were poised to receive a one per cent fee on the US$37-billion offering. (South China Morning Post)

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