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

Chinaࢀ™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. The financial technology gi ant on Monday set terms for its dual-listing in Hong Kong and Shanghai aimed at raising up to $34.4 billion in the worldࢀ™s largest market debut. It is looking to raise $17.24 billion in the Hong Kong tranche of the initial public offering (IPO), which would be the largest flotation in the Asian financial hub…