SpaceX’s record share sale last month generated about $500 million in fees for bankers, equaling 0.67% of the $75 billion IPO, a size and fee structure that was larger in dollar terms but smaller as a percentage of deal size than SK Hynix.

The analysis contrasts SpaceX’s IPO with SK Hynix’s megadeal to illustrate how fee efficiency and structures vary across major capital-raising events.

Citigroup acted as a joint global coordinator and depository bank for SK Hynix, while other banks also served as global coordinators.

Global investment banks and brokerages earned nearly $260 million in fees from SK Hynix’s deal, roughly 0.97% of the total raised.

Source attribution: Reporting by Scott Murdoch and editing by Christopher Cushing.

Other global coordinators on the SK Hynix deal included Bank of America, Goldman Sachs, and JPMorgan, with JPMorgan declining to comment and Bank of America and Goldman Sachs not responding to requests for comment.

Citigroup earned more than $70 million from SK Hynix, about 20% above other banks on the same deal, and served as joint global coordinator and depository bank.

Overall, SK Hynix’s U.S. listing priced at $149 per depository receipt, translating to roughly $26.5 billion raised and a 2.7% premium over the Seoul pre-market average.

SK Hynix’s U.S. listing raised about $26.5 billion after pricing at $149 per depository receipt, a 2.7% premium versus the Seoul trading average in the prior three days.