THE BOOK +£2.31m TSLA Lobby plants at [redacted] looked tired · THE BOOK −£4.12m TSLA Doubled down. Thesis. · THE BOOK +£0.41m LLOY Dividend yield rhymes with my year of birth · THE BOOK +£1.21m NVDA Someone at a dinner said AI · THE BOOK +£0.19m BARC Body of the page says £3m, meta says £5m. Confusion is bearish. · THE TRACKER IS AHEAD · THE PANEL IS BEHIND · EVERYONE V TRACKER: TRACKER · THE BOOK +£2.31m TSLA Lobby plants at [redacted] looked tired · THE BOOK −£4.12m TSLA Doubled down. Thesis. · THE BOOK +£0.41m LLOY Dividend yield rhymes with my year of birth · THE BOOK +£1.21m NVDA Someone at a dinner said AI · THE BOOK +£0.19m BARC Body of the page says £3m, meta says £5m. Confusion is bearish. · THE TRACKER IS AHEAD · THE PANEL IS BEHIND · EVERYONE V TRACKER: TRACKER

No. 1LondonMonday 2 November 2026Est. 2026

What the big banks charge, found from public information as best I could, with the source under every figure. And a Panel.

Home › The Panel › Lockridge Hartwell

Lockridge Hartwell

The Panel

American to the core and billing in quarter hours, including the quarter hour spent reading this.

Terms as discussed

Minimum	$1.85bn deal size^P3
Indicative fee	IPO 6.77% to 7.22%^P3
Retainer	$92,750 a month, not credited^P3

Culture

The deck is 94 pages. Page 6 is the one that matters.

Minutes

The firm last appeared in the Panel Minutes for the third quarter.