Yahoo Finance
July 10 (Reuters) - Global investment banks and brokerages leading SK Hynix's mega share sale earned nearly $260 million in fees, a boost for the industry which took in a relatively modest $500 million from SpaceX's record share sale last month.
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 who worked on SpaceX's initial public offering.
SpaceX bankers earned 0.67% or $500 million of the $75 billion in an IPO which eclipsed the previous record set by Saudi Aramco in 2019, as well as SK Hynix's U.S.
Citigroup earned over $70 million from the SK Hynix sale, which was 20% more than other banks on the deal, said a person with direct knowledge of the matter, who declined to be identified when discussing confidential information.
Citigroup was a joint global co-ordinator and the depository bank on the deal.
The bank declined to comment on fees earned.
Bank of America, Goldman Sachs and JPMorgan were also global co-ordinators.
Bank of America and Goldman Sachs did not respond to requests for comment.
South Korean chipmaker SK Hynix raised about $26.5 billion after pricing its U.S.
stock at $149 per depository receipt, a 2.7% premium over its average share price in Seoul over the past three days.
(Reporting by Scott Murdoch; Editing by Christopher Cushing).
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment