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Nvidia to Raise at Least $20B From Bond Offering: Report
Express News | Fox - Obtains $12 Bln Fully Committed Bridge Financing From Morgan Stanley
'We Can Talk About $10 Trillion In Wealth Alone:' Morgan Stanley CEO Ted Pick Raises Growth Target
Express News | Goldman Sachs and Morgan Stanley are each expected to receive approximately $100 million in underwriting fees from SpaceX's IPO.
The 'Olympic Gold Medal' of Investment Banking: SpaceX's IPO Underwriting Fees Total $500 Million, with Goldman Sachs and Morgan Stanley Each Earning $100 Million—Goldman Sachs Stands to Earn Even More
SpaceX achieved the largest IPO in history at $75 billion, with an underwriting fee rate of just 0.67%, resulting in total fees of approximately $500 million. Goldman Sachs and Morgan Stanley each received about $100 million. However, the real gains came from 'soft dollars'—the stock price rose roughly 20% on its first day of trading, generating unrealized institutional profits exceeding $17 billion. Around 30% of these gains are expected to flow back to Wall Street in the form of commissions, potentially surpassing $5 billion—eight times the explicit underwriting fees—with Goldman Sachs poised to be the biggest winner.
Financials Up on Anticipation of Investment Banking Bonanza - Financials Roundup