Investment banks handling the world's largest listing so far this year are set to earn underwriting fees well below the industry norm, with advisers enduring skinny margins to win business following a prolonged slump in listings.

Listing is expected to be the largest in Hong Kong since Kuaishou Technology raised US$6.2 billion in January 2021.

HONG KONG (Reuters) -Investment banks handling the world's largest listing so far this year are set to earn underwriting fees well below the industry norm, with advisers willing to endure skinny margins to win business following a prolonged slump in listings.

Investment banks managing Tesla (NASDAQ: TSLA) battery supplier CATL's IPO, the world's largest listing of 2025, are set to earn underwriting fees that fall below the industry standard.

HONG KONG] Qatar Investment Authority (QIA) and Sinopec are considering investing in Contemporary Amperex Technology Co Limited’s Hong Kong listing, one of the city’s biggest share sales in recent years,