SK Hynix advisors win big fee windfall after modest SpaceX payday

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. listing ⁠this week.