Citigroup Inc.Citigroup earned over $70M in fees as joint global coordinator and depositary bank.
In the large IPO by SK Hynix on the US market, fee income for the investment banks and securities firms acting as lead managers reached nearly 260 million dollars, representing about 0.97 percent of the amount raised. That exceeds the 0.67 percent fee ratio in the IPO carried out by SpaceX last month. Citigroup earned over 70 million dollars in fees as joint global coordinator and depositary bank, 20 percent more than the other banks involved. Bank of America, Goldman Sachs, and JPMorgan also served as global coordinators. SK Hynix set the public offering price for its American depositary shares at 149 dollars, bringing the total raised to about 26.5 billion dollars.
Citigroup Inc.Citigroup earned over $70M in fees as joint global coordinator and depositary bank.
JPMorgan Chase & CoJPMorgan earned fees as global coordinator for SK Hynix US IPO.
Bank of America CorpBank of America earned fees as global coordinator for SK Hynix US IPO.
Goldman Sachs Group IncGoldman Sachs earned fees as global coordinator for SK Hynix US IPO.
SK Hynix IncSK Hynix completed a large US IPO raising $26.5B; high fees may indicate strong demand but also cost.