Banks in line for $175m fees from world's largest IPO

Banks leading the initial public offering (IPO) of China Life Insurance could earn up to $175m (€148m) in the world's largest flotation so far this year.

China International Corp, Citigroup, Credit Suisse First Boston and Deutsche Bank are joint bookrunners for the $2.5bn share sale, on which they might typically take a 7% fee earning them as much as $175m combined.

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