Reported about 14 hours ago
CATL, the battery giant, is set to conduct the world's largest listing in 2025, offering banks underwriting fees significantly lower than industry standards, with fixed commissions at just 0.2% of proceeds. This move highlights the tough conditions for investment banks in Hong Kong, where a recent upswing in trading may signal a recovery in large issuances despite a multi-year deal slump. The competitive bid for underwriting roles has led banks to accept slimmer margins in hope of future opportunities.
Source: YAHOO