Investors vexed by WH Group's army of IPO underwriters
date:Apr 21, 2014
ng just four banks - BOC International, Goldman Sachs Group (GS.N), Morgan Stanley (MS.N) and UBS (UBSN.VX) - as active bookrunners, putting them in charge of the book - a rare move in Asian IPOs, sources said.

A group of 12 banks that wrote research on WH Group were given the green light to call potential investors and market the IPO, while the rest were told to sit quietly and not even pick up the phone, according to one banker involved in the IPO, who was not authorized to speak publicly on
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