HK suspends UBS sponsor licence, fines it and others $100m for IPO failures

HK suspends UBS sponsor licence, fines it and others $100m for IPO failures

Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.

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