SpaceX pushes banks for lowest IPO fee rate in history

Odaily News: Market sources say SpaceX is pushing banks to set a record-low fee rate for its IPO. The company is negotiating with the banks underwriting its initial public offering (IPO) to pay underwriting fees of less than 0.75%.

Despite the negotiations to lower underwriting fees, banks could still earn approximately $500 million from the IPO. (Jinshi)