Bankers reel as Ant IPO collapse threatens US$400m payday

Bankers reel as Ant IPO collapse threatens US$400m payday

(Nov 4): For bankers, Ant Group Co.’s initial offering that is public the type of bonus-boosting deal that may fund a big-ticket splurge on a motor vehicle, a watercraft as well as a holiday house. Hopefully, they didn’t get in front of by themselves.

Dealmakers at companies 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 percentage of the purchase, but were alternatively kept reeling after the listing there plus in Shanghai suddenly derailed times before the scheduled trading first. Top executives near to the deal stated they certainly were trying and shocked to find out just exactly just what lies ahead.

And behind the scenes, monetary specialists throughout the world marveled within the shock drama between Ant and Asia’s regulators therefore the chaos it had been unleashing inside banking institutions and investment organizations. Some quipped darkly concerning the payday it is threatening. (mehr …)