Chinese Banks to Earn $41 Million from Chipmaker’s $8.6 Billion IPO

Six Chinese investment banks are poised to receive a total of at least $41 million in fees from chipmaker CXMT’s $8.6 billion IPO, according to company filings. This payout reflects a positive turn for an industry that has seen a decline in income over the past five years. The total fees from mainland IPOs this year are expected to reach approximately $684.62 million, closing in on last year’s total of $984.75 million, as reported by LSEG data.