date:Apr 21, 2014
in fees, according to its prospectus.
MARKETING CHAOS
The trend of unusually large underwriting syndicates has been around for years and is more pronounced in difficult market conditions.
Large underwriting teams can increase the chances of success by reaching out to a wider palette of investors. But that strategy turns ineffective when banks try to outdo one another. The WH Group bookrunners stand to get nearly $80 million in fees in total - but split many ways.
Both PICC Group and China G