Slim Pickings: Ant to Pay Bankers up to $198 Million in Fees for Hong Kong IPO


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FILE PHOTO: The logo of Ant Financial Services Group, Alibaba's financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, following the coronavirus disease (COVID-19) outbreak, China October 26, 2020. REUTERS/Aly Song/File Photo Reuters By Scott Murdoch HONG KONG (Reuters) - 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. The financial technology giant on Monday set terms for its dual-listing in Hong Kong and Shanghai aimed...