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The company had planned to float in Europe, where competition between big global underwriters and local banks means that underwriting fees for deals of a similar size are 1 percent to 2 percent.
There are no underwriting fees, for instance.
The underwriting fees on Build America Bonds have typically been lower than corporate bond underwriting fees, even when the program first started.
"Are these underwriting fees larger than the underwriting fees that Goldman Sachs has charged on tax-exempt bond issuances?" he asked.
Stock underwriting fees and deal advisory fees dipped during the quarter, despite an otherwise solid year.
Facebook is expected to pay more than $100 million in underwriting fees.
So far, issuers have spent nearly $700 million on underwriting fees.
The rights issue has cost HBOS £160m, including paperwork and underwriting fees.
The firm earned lucrative underwriting fees from companies whose securities Mr. Grubman was aggressively recommending.
As a result, companies are paying more money than ever in underwriting fees.
Initial offerings generate higher underwriting fees than secondary share sales or corporate bond offerings.
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CEO of Professional Science Editing for Scientists @ prosciediting.com