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Goldman Sachs and JPMorgan Rise as SpaceX Completes Record IPO
- Shares of Goldman Sachs and JPMorgan Chase rose on June 12 as SpaceX completed the largest IPO in U.S. history.
- Goldman Sachs rose 2.62% to close at $1,062.75, while JPMorgan Chase advanced 2.31% to close at $320.72.
- Both banks served as underwriters on the $75 billion offering, positioning them to benefit from substantial underwriting fees.
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Conclusion
GS close rose from $1,035.64 on June 11 to $1,062.75 on June 12 (+2.62%) on 2,205,300 shares. JPM close rose from $313.49 to $320.72 (+2.31%) on 7,421,100 shares. SpaceX IPO priced at $135 per share on June 11 for a $75 billion raise, the largest IPO in U.S. history. Goldman Sachs served as lead left underwriter; JPMorgan was among five joint book-running managers.