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Alibaba, Aramco share sales fail to deliver fee windfall

Key Points

  • Alibaba to pay banks $US32m for $US12.9b deal 
  • Aramco fees also pared to $US90m as deal size drops
  • Equity capital market activity 20 per cent down on 2018

Hong Kong | A late-year rush of giant global share sales led by Alibaba's $US13 billion ($19.1 billion) Hong Kong listing and Aramco's $US26 billion initial public offering is failing to deliver an equivalent payday for equities bankers.

Filings on Thursday revealed 17 banks will split up to $US32.3 million for Alibaba Group's Hong Kong deal, which will raise up to $US12.9 billion for the Chinese e-commerce giant.

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Reuters

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    Original URL: https://www.afr.com/companies/financial-services/alibaba-aramco-share-sales-fail-to-deliver-fee-windfall-20191121-p53cw8