Six Chinese investment banks working on chipmaker CXMT's $8.6 billion IPO are set to take home at least $41 million in fees, company filings showed, in a boost for an industry whose income pool has shrunk over the past half decade.
The payout would bring the year's total fees from mainland IPOs to about $684.62 million, gaining on last year's $984.75 million, LSEG data showed. That compared with a 2022 peak of $4.16 billion on IPOs from heavyweights including China Mobile and CNOOC.
