Fees and Expenses

Philippe Espinasse
Additional contact information
Philippe Espinasse: University of Hong Kong

Chapter 6 in IPO Banks, 2014, pp 52-55 from Palgrave Macmillan

Abstract: Abstract Fees and expenses for an IPO can be substantial, especially in the US where commissions paid to underwriters generally tend to be significantly higher in percentage terms than those common in Europe or in Asia. At 3.25 per cent, commissions for Twitter’s IPO on the New York Stock Exchange in the autumn of 20131 were widely commented in the media as particularly aggressive, although that level would be seen as high for such a prestigious flotation in Hong Kong or in Singapore. In May 2010, the fees for the US$787 million equivalent Hong Kong IPO of the Luxembourg-incorporated cosmetics company — with French origins — L’Occitane were 2.5 per cent,2 a fairly standard level for that market.

Keywords: Market Rate; York Stock Exchange; Market Abuse; French Origin; Lead Bank (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-41294-2_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137412942

DOI: 10.1057/9781137412942_13

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().