“T-Mobile US Inc. paid roughly twice that amount last year for a share sale that was about half the size of the Aramco offering.”
–Matthew Martin in Bloomberg reports on around $50m in incentive fees paid paid out recently to mostly local underwriters of the 2019 Aramco IPO worth $29.4b. Total fees for the IPO were just over $100m, “a tiny figure by global standards.” [Bloomberg]
