Goldman Sachs to lead SpaceX IPO, fee of approximately 10billion dollars
Goldman Sachs is listed as lead left in the prospectus for SpaceX’s initial public offering (IPO), scheduled for next month, and has effectively taken on the role of lead underwriter. The underwriting fees for the deal are estimated at approximately 10billion dollars (approximately 1trillion 5000billion won).
SpaceX has released the prospectus for its initial public offering (IPO), scheduled for next month. Goldman Sachs is the first bank listed in the prospectus. This listing means Goldman Sachs has effectively taken on the role of lead underwriter.
Morgan Stanley is named second in the prospectus. 20Financial firms, including Bank of America and JPMorgan Chase, participated. However, some have noted that the names are arranged alphabetically and have interpreted this to mean that Morgan Stanley’s key role remains unchanged.
Underwriters solicit investors for the offering. They also work to moderate share-price volatility in the early days of trading. The prospectus states that underwriters will play a significant role in this IPO.
The fees payable to the underwriters are estimated at about 10hundred million dollars (about 1trillion5000hundred million won). Goldman Sachs, listed as the lead underwriter, is expected to receive the largest share. The prospectus notes that the lead underwriter may have a preferential relationship in lending or advisory contracts after the listing.
Bryant Riley, chairman of investment bank B. Riley Securities, said competition for the underwriting role was very intense. Goldman Sachs drafted the prospectus before the IPO plans were made public last year, in 12month. SpaceX’s listing process is expected to get underway in earnest next month.
Sources: 뉴시스 경제
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