(Nov 4): For bankers, Ant Group Co.вЂ™s initial general public providing had been the type of bonus-boosting deal that will fund a big-ticket splurge on a car or truck, a ship if not a secondary house. Hopefully, they didnвЂ™t get in front of on their own.
Dealmakers at businesses including Citigroup Inc. and JPMorgan Chase & Co. had been set to feast on an estimated cost pool of almost US$400 million for managing the Hong Kong part of the purchase, but were alternatively kept reeling after the listing here plus in Shanghai suddenly derailed times before the trading debut that is scheduled. Top executives near the deal said these people were trying and shocked to find out exactly exactly what lies ahead.
And behind the scenes, economic experts all over the world marveled throughout the shock drama between Ant and AsiaвЂ™s regulators and also the chaos it absolutely was unleashing inside banking institutions and investment organizations. Continue reading “Bankers reel as Ant IPO collapse threatens US$ payday that is 400m”