Banks handling the initial public offering (IPO) of state-owned Postal Savings Bank of China Co Ltd (PSBC) [IPO-PSBC.HK] will get a $130 million payday from deal, IFR reported on Monday, citing people close to the offering. The lender, China’s largest by number of bank branches, intends to pay a 1.1 percent underwriting commission and an up to 0.5 percent incentive …
