Bookrunners of Lehman fund listing set for $25m payday

Lehman Brothers is set to pay itself and the two other bookrunners working on the flotation of a private equity fund at least $25m (€18.6m) in fees when it lists on the Amsterdam stock exchange.

Hoare Govett and UBS will share the fee pot with Lehman Brothers for listing its $500m fund of private equity funds next month, in which the US bank is investing $100m of its own money.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached