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SK Hynix advisors win big fee windfall after modest SpaceX payday
SG🏛️ PoliticsCenter8 hr. ago

SK Hynix advisors win big fee windfall after modest SpaceX payday

On July 10, global investment banks and brokerages involved in SK Hynix's major share sale earned nearly $260 million in fees, representing 0.97% of the total $26.5 billion raised. This fee rate is higher than the 0.67% earned by bankers working on SpaceX's $75 billion IPO last month. Citigroup, which acted as a joint global coordinator and depository bank, earned over $70 million, 20% more than other banks on the deal. Other coordinators included Bank of America, Goldman Sachs, and JPMorgan, though none commented on their earnings. SK Hynix priced its U.S. stock at $149 per depository receipt, a 2.7% premium over its recent Seoul share price.

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Channel NewsAsia (CNA) logoChannel NewsAsia (CNA)State / PublicCenter8 hr. ago
SK Hynix advisors win big fee windfall after modest SpaceX payday

On July 10, global investment banks and brokerages involved in SK Hynix's major share sale earned nearly $260 million in fees, representing 0.97% of the total $26.5 billion raised. This fee rate is higher than the 0.67% earned by bankers working on SpaceX's $75 billion IPO last month. Citigroup, which acted as a joint global coordinator and depository bank, earned over $70 million, 20% more than other banks on the deal. Other coordinators included Bank of America, Goldman Sachs, and JPMorgan, though none commented on their earnings. SK Hynix priced its U.S. stock at $149 per depository receipt, a 2.7% premium over its recent Seoul share price.

Bias read (Center): The article presents factual data about financial transactions related to SK Hynix's share sale and compares them to SpaceX's IPO. It does not take a clear ideological stance, nor does it emphasize any particular political angle. The focus remains on economic figures and market performance rather on

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