Banks compete for Hong Kong’s blockbuster listing with 0.01% fees

Quick Summary:

Two people with knowledge of the matter said CSC had also pitched for a fee at around that level.“I think in this market, competitors are willing to do things for almost nothing,” said a senior banker at an institution that pitched for a role.

Incentive fees on top of this — based partly on the value of the orders that each bank brings in — could make the final number higher, two people briefed on the deal said.

Morgan Stanley has estimated the CATL listing could raise up to $7.7bn, marking one of the biggest offerings in the territory in recent years and giving the Shenzhen-listed company access to offshore funds as it seeks to expand overseas.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Arjun Neil Alim

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong Kong

Topics: Business Listing Deal Role Banks Bank Catl Pitched Hong Fees Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 05:00:25 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 782 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25335821

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions