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

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

FOR bankers, Ant Group Co’s initial general public providing (IPO) had been the sort of bonus-boosting deal that will fund a big-ticket splurge on a vehicle, a motorboat and sometimes even a getaway house.

Ideally, they did not get in front of by themselves.

Dealmakers at organizations including Citigroup Inc and JPMorgan Chase & Co had been set to feast for an estimated charge pool of almost US$400 million for managing the Hong Kong part of the purchase, but were alternatively kept reeling after the listing here as well as in Shanghai abruptly derailed times before the trading debut that is scheduled.

Top executives near to the deal stated these people were surprised and attempting to determine just what lies ahead.