Goldman Sachs named lead left for SpaceX IPO… fees of approximately 10 billion dollars
Goldman Sachs has secured the “lead left” position in SpaceX’s IPO prospectus. Fees payable to the underwriters are estimated at approximately 10 billion dollars (approximately 1 trillion 5,000 billion won). Morgan Stanley was listed second.
In the IPO prospectus released ahead of SpaceX’s public listing next month, Goldman Sachs secured the “lead left” position, appearing first on the paperwork. Morgan Stanley was listed second. About 20 financial firms, including Bank of America and JPMorgan Chase, were named as joint underwriters.
“Lead left” refers to the lead underwriter listed first on the paperwork. Lead underwriters recruit investors for the offering and help moderate share-price volatility in the early days of trading. Underwriters may continue their relationships with the company after the listing through lending, advisory agreements, and other arrangements.
Fees payable to the underwriters for this IPO are estimated at approximately 10 billion dollars (approximately 1 trillion 5,000 billion won). Goldman Sachs, the lead underwriter, is expected to take the largest share.
Some point to the fact that the order shown on the paperwork is alphabetical as evidence that Morgan Stanley still plays a central role. It has also been suggested that SpaceX employees could become wealth management clients of the bank.
Bryant Riley, chairman of investment bank B. Riley Securities, said the competition must have been intense. Goldman Sachs is said to have drafted the prospectus before news of the IPO plan became known last year.12.
Sources: 뉴시스 경제
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.