SK Hynix US IPO Lead Manager Fees Surpass SpaceX as a Percentage of Proceeds

Corporate Action
โดย Reuters·Read original
Summary · why it matters

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.

Impact on stocks 5

Digital Finance & Tokenization · 2 stocks
Citigroup Inc.
C
▲ PositiveCapitalrelevance

Citigroup earned over $70M in fees as joint global coordinator and depositary bank.

Financials · 2 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Bank of America earned fees as global coordinator for SK Hynix US IPO.

Semiconductors · 1 stocks
SK Hynix Inc
000660
± MixedCapitalrelevance

SK Hynix completed a large US IPO raising $26.5B; high fees may indicate strong demand but also cost.