More than a third of investors think investment banks should be paid fees of less than 1% for work on initial public offerings, according to a Financial News survey, while roughly the same percentage of bookrunners believe they deserve more than 3%. The findings highlight, again, the disparity between the buyside and the sellside over what constitutes a fair fee for bringing a company to market.

Over the next two weeks, Financial News will be publishing a detailed breakdown of the results from the recent IPO survey, which attracted responses from more than 100 market participants.