HONG KONG -- A price war has broken out in the Hong Kong financial world as competition among investment banks drives down underwriting fees for initial public offerings in what has become the world's hottest market for new stock listings.
Finance
Hong Kong's IPO boom sets off underwriter price war
Bankers, lawyers face shrinking fees as mainland peers offer cut-rate prices
A price war has broken out among firms involved in stock listings in Hong Kong due to intensified competition for deals. © Reuters
Read Next
Latest on Finance
