IPO resurgence sparks fee discussions

October 21, 2009 12:00 am

With initial public offerings resurging in Europe, so do discussions about fees. The Eu1.2bn listing of insurer Delta Lloyd will pay out a healthy 2.5%, but the Eu1.2bn privatisation of utility PGE is said to earn underwriters much less. It even reminded some of the record low pay-outs on Turk Telekom in 2008. Has the underwriting fee landscape changed? Turn to EuroWeek on Friday.

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