SpaceX Leaves Some Banks Peeved at Junior Roles in IPO Lineup

▤ Summary

SpaceX is moving ahead with its landmark IPO and is assigning junior banks to lower-ranked co-manager roles. Several firms, including Societe Generale and Mizuho, are taking smaller fees and less visible credit than they expected. The article says SpaceX is using its leverage to push down banking costs and control the structure of the offering. The banks are frustrated, but they still want exposure to the high-profile deal and the future relationship with SpaceX.

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