Contemporary Amperex Technology or CATL's (SHE:300750, HKG:3750) advisers for its Hong Kong listing are expected to receive below-normal underwriting fees, Reuters reported Tuesday.

Advisers are seen to be willing to eke out small margins to gain business amid a slump in listings in the city, the report said.

Nine underwriters are slated to receive a maximum of HK$238.7 million, according to its May 12 prospectus. Much of the amount is dependent on the success of the Hong Kong listing, Reuters said, citing a securities filing.

Fixed commission is 0.2% of the proceeds to be raised, below the industry average, and one-third of Midea's (SHE:000333, HKG:0300) underwriting fees to banks and one-fourth of SF Holding's (SHE:002352, HKG:6936) underwriting fee for its Hong Kong listing, Reuters said.

Underwriters may receive a discretionary fee of 0.6% of the offer price, CATL said in its prospectus.

The income will barely cover the cost, but banks will be willing to take on the low fees to stay in the IPO game, the report said, citing one source familiar with the pitching process.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)