SK Hynix plan offers banks higher returns than SpaceX deal

Investment banks and global brokerage firms that led the initial public offering (IPO) of SK Hynix stock earned approximately $260 million in fees, reflecting a higher percentage return relative to the size of the offering compared to SpaceX's previous deal, which raised $75 billion. That deal's fees amounted to about 0.67%. Meanwhile, Citigroup received over $70 million from these fees, approximately 20% more than other participating banks in the transaction. SK Hynix raised around $26.5 billion by issuing its shares in the United States, at a price of $149 per share—an increase of 2.7% over the average trading price of the stock on the Seoul Stock Exchange.

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