Banks Willing to Take 75% Cut on Hydro IPO Fees: Sousa
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Banks are so eager to get a piece of Hydro One Inc.’s initial public offering that they’re willing to accept about a quarter of the fees typically paid out in such deals, Ontario’s finance minister says.
Demand by banks to handle the IPO, one of the largest ever in Canada, leaves the province in a position to ask for a discount, Charles Sousa said.