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UBS Fights Hong Kong IPO Sponsor Ban

  • Bank is appealing an 18-month sponsor ban from regulator
  • UBS slipped in Hong Kong IPO league table in past decade
UBS AG Headquarters Ahead Of Third-Quarter Results

Photographer: Gianluca Colla/Bloomberg

UBS Group AG faces a race against the clock in Hong Kong.

The Swiss bank, under threat of a regulatory suspension from acting as a so-called sponsor on initial public offerings in the city, has such a role on roughly an estimated $4.5 billion of deals scheduled to be completed this year, a person with knowledge of the matter said. UBS executives expect the appeal against the ban could take around a year, according to two other people, who asked not to be identified because the information is private.