Ant to pay bankers up to $198m fees for Hong Kong IPO — 1% of proceeds

Ant to pay bankers up to $198m fees for Hong Kong IPO — 1% of proceeds

REUTERS/Bobby Yip

China’s Ant Group will pay bankers selling its shares in Hong Kong up to $198 million in underwriting fees, its filings showed on Monday, in line with a trend of large issuers sharing a small portion of their fundraising with advisers.