By Scott Murdoch <\/p>\n
July 10 (Reuters) – Global investment banks and brokerages leading SK Hynix’s mega share sale earned \u200cnearly $260 million in fees, a boost for the \u200cindustry which took in a relatively modest $500 million from SpaceX’s record share \u200bsale last month. <\/p>\n
The fees equate to about 0.97% of the total amount raised, SK Hynix’s filings showed, meaning bankers earned more as a percentage of deal size than those \u200cwho worked on \u2060SpaceX’s initial public offering. <\/p>\n
SpaceX bankers earned 0.67% or $500 million of the $75 billion in an IPO \u2060which eclipsed the previous record set by Saudi Aramco in 2019, as well as SK Hynix’s U.S. listing this week. <\/p>\n
Citigroup \u200bearned over $70 \u200bmillion from the SK \u200bHynix sale, which was 20% \u200cmore than other banks on the deal, said a person with direct knowledge of the matter, who declined to be identified when discussing confidential information. <\/p>\n
Citigroup was a joint global co-ordinator and the depository bank on the deal. \u200cThe bank declined to comment on \u200bfees earned. <\/p>\n
Bank of America, Goldman Sachs \u200band JPMorgan were \u200balso global co-ordinators. <\/p>\n
JPMorgan declined to comment. Bank of \u200cAmerica and Goldman Sachs did \u200bnot respond \u200bto requests for comment. <\/p>\n
South Korean chipmaker SK Hynix raised about $26.5 billion after pricing its U.S. stock at $149 per \u200bdepository receipt, a \u200c2.7% premium over its average share price in \u200bSeoul over the past three days. <\/p>\n
(Reporting by Scott \u200bMurdoch; Editing by Christopher Cushing) <\/p>\n","protected":false},"excerpt":{"rendered":"By Scott Murdoch July 10 (Reuters) – Global investment banks and brokerages leading SK Hynix’s mega share sale…\n","protected":false},"author":2,"featured_media":534167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,243609,85,46,51988,71979,4688],"class_list":["post-534166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-global-investment-banks","tag-il","tag-israel","tag-saudi-aramco","tag-sk-hynix","tag-spacex"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/534166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=534166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/534166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/534167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=534166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=534166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=534166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}