Fees, deal by deal
The only honest answer to what a bank charges: what it charged, on which deal, as the filing states it. 82 IPOs from the final prospectus (the underwriting discount or base commission as a share of the offer price, shared among the named banks) and 90 adviser fees from merger proxies (the adviser's own fee as stated, with the contingent portion in the source). Nothing here is averaged. Read 1 and 2 November 2026.
IPOs: underwriting discount
Most recent find7%65UBS, ADARx Pharmaceuticalsunderwriting discount · filed 2026-09-28, read 1 Nov 2026
Cheapest0.667%47Bank of America, Space Exploration Technologiesunderwriting discount · filed 2026-06-11, read 2 Nov 2026
Dearest7%36JPMorgan Chase, ADARx Pharmaceuticalsunderwriting discount · filed 2026-09-28, read 1 Nov 2026
| Date | Issuer | Market | Discount | Named lead banks on this site |
|---|---|---|---|---|
| 2026-09-28 | ADARx Pharmaceuticals | United States | 7%36 | JPMorgan Chase, Morgan Stanley, UBS |
| 2026-07-09 | SK hynix ADS offering in the United States | United States | 0.972%46 | Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase |
| 2026-06-30 | Bending Spoons S.p.A. | United States | 4.375%32 | Goldman Sachs, JPMorgan Chase |
| 2026-06-11 | Space Exploration Technologies | United States | 0.667%47 | Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2026-06-03 | INNIO N.V. | United States | 3.75%114 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2026-06-03 | Quantinuum | United States | 4.75%115 | JPMorgan Chase, Morgan Stanley |
| 2026-05-13 | Cerebras Systems | United States | 2.35%56 | Barclays, Citigroup, Morgan Stanley |
| 2026-05-13 | Blackstone Digital Infrastructure Trust | United States | 4.5%53 | Citigroup, Goldman Sachs, Morgan Stanley |
| 2026-05-12 | Fervo Energy Co | United States | 6%48 | Bank of America, JPMorgan Chase |
| 2026-02-04 | Forgent Power Solutions | United States | 4.5%116 | Goldman Sachs, Morgan Stanley |
| 2026-01-26 | EquipmentShare.com | United States | 5.5%117 | Citigroup, Goldman Sachs, UBS |
| 2025-12-16 | Medline | United States | 2.178%118 | Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2025-10-29 | Navan | United States | 5.214%119 | Citigroup, Goldman Sachs |
| 2025-10-22 | Princes | United Kingdom | 2.25%72 | BNP Paribas |
| 2025-10-21 | Shawbrook | United Kingdom | 1.5%57 | Barclays, Goldman Sachs, UBS |
| 2025-09-30 | Fermi | United States | 5%120 | UBS |
| 2025-09-09 | Klarna | United States | 4.25%121 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2025-07-30 | Figma | United States | 4.5%122 | Goldman Sachs, Morgan Stanley |
| 2025-07-22 | NIQ Global Intelligence | United States | 4.25%123 | Bank of America, JPMorgan Chase, UBS |
| 2025-06-05 | Circle Internet | United States | 5.5%124 | Citigroup, Goldman Sachs, JPMorgan Chase |
| 2025-05-23 | Hinge Health | United States | 6.25%58 | Barclays, Bank of America, Morgan Stanley |
| 2025-05-13 | eToro | United States | 6%125 | Citigroup, Goldman Sachs, UBS |
| 2025-03-27 | CoreWeave | United States | 2.8%126 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2025-02-14 | SailPoint | United States | 4.75%127 | Goldman Sachs, Morgan Stanley |
| 2025-01-23 | Venture Global | United States | 4%128 | Bank of America, Goldman Sachs, JPMorgan Chase |
| 2024-10-01 | StandardAero | United States | 5.25%129 | JPMorgan Chase, Morgan Stanley |
| 2024-07-24 | Lineage | United States | 3.75%130 | Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2024-06-06 | Waystar Holding | United States | 5.5%131 | Barclays, Goldman Sachs, JPMorgan Chase |
| 2024-04-30 | Viking | United States | 5%132 | Bank of America, JPMorgan Chase |
| 2024-04-24 | Rubrik | United States | 5.55%133 | Goldman Sachs |
| 2024-03-20 | United States | 5%134 | Goldman Sachs, JPMorgan Chase, Morgan Stanley | |
| 2024-01-31 | Amer Sports | United States | 3.5%135 | Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2024-01-18 | Kaspi.kz | United States | 3.5%136 | Citigroup, JPMorgan Chase, Morgan Stanley |
| 2023-10-10 | Birkenstock Holding | United States | 4.25%137 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2023-09-18 | Maplebear | United States | 5.5%138 | Goldman Sachs, JPMorgan Chase |
| 2023-09-13 | Arm | United States | 2%139 | Barclays, Goldman Sachs, JPMorgan Chase |
| 2023-05-03 | Kenvue | United States | 3%140 | Bank of America, Goldman Sachs, JPMorgan Chase |
| 2023-02-10 | Nextracker | United States | 5.5%141 | Barclays, Bank of America, Citigroup, JPMorgan Chase |
| 2022-10-25 | Mobileye Global | United States | 4.1%142 | Goldman Sachs, Morgan Stanley |
| 2022-09-14 | Corebridge Financial | United States | 4%143 | JPMorgan Chase, Morgan Stanley |
| 2022-01-12 | TPG | United States | 5%144 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-12-14 | Samsara | United States | 4.5%145 | Morgan Stanley |
| 2021-12-09 | Hashi | United States | 5.25%146 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-11-09 | Rivian Automotive | United States | 1.423%147 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-11-04 | Pod Point | United Kingdom | 2%148 | Barclays, Bank of America |
| 2021-10-27 | GlobalFoundries | United States | 3%149 | Bank of America, JPMorgan Chase, Morgan Stanley |
| 2021-10-26 | Informatica | United States | 5.5%150 | Goldman Sachs, JPMorgan Chase |
| 2021-09-30 | Oxford Nanopore Technologies | United Kingdom | 2%151 | Barclays, Bank of America, Citigroup, JPMorgan Chase |
| 2021-09-29 | Olaplex | United States | 5.25%152 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-09-28 | Petershill Partners | United Kingdom | 1.75%73 | BNP Paribas, Bank of America, Goldman Sachs, JPMorgan Chase, UBS |
| 2021-09-22 | Freshworks | United States | 5.25%153 | Bank of America, JPMorgan Chase, Morgan Stanley |
| 2021-09-21 | Toast | United States | 4.964%154 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-07-28 | Robinhood Markets | United States | 4.211%155 | Goldman Sachs, JPMorgan Chase |
| 2021-07-27 | PowerSchool | United States | 5.25%156 | Barclays, Goldman Sachs |
| 2021-07-21 | Bridgepoint Plc | United Kingdom | 2%74 | BNP Paribas, Bank of America, Citigroup, JPMorgan Chase, Morgan Stanley |
| 2021-07-21 | Ryan Specialty | United States | 5%157 | Barclays, Goldman Sachs, JPMorgan Chase |
| 2021-06-30 | Baltic Classifieds | United Kingdom | 1.5%158 | BNP Paribas, Bank of America |
| 2021-06-29 | DiDi Global | United States | 2%159 | Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-06-29 | SentinelOne | United States | 5.257%160 | Goldman Sachs, Morgan Stanley |
| 2021-06-25 | Confluent | United States | 5%161 | JPMorgan Chase, Morgan Stanley |
| 2021-06-23 | Bright Health | United States | 4%162 | Barclays, Goldman Sachs, JPMorgan Chase, Morgan Stanley |
| 2021-06-21 | Full Truck Alliance Co. | United States | 3.5%163 | Goldman Sachs, Morgan Stanley |
| 2021-06-16 | Made.com | United Kingdom | 2%164 | JPMorgan Chase, Morgan Stanley |
| 2021-06-10 | Kanzhun | United States | 4.3%165 | Goldman Sachs, Morgan Stanley, UBS |
| 2021-05-19 | Oatly AB | United States | 4.75%166 | JPMorgan Chase, Morgan Stanley |
| 2021-05-13 | Alphawave IP | United Kingdom | 2.5%167 | Barclays, JPMorgan Chase |
| 2021-04-28 | Aveanna Healthcare | United States | 5.75%168 | Barclays, JPMorgan Chase |
| 2021-04-16 | TuSimple | United States | 4.636%169 | Citigroup, JPMorgan Chase, Morgan Stanley |
| 2021-04-14 | AppLovin | United States | 2.62%170 | JPMorgan Chase, Morgan Stanley |
| 2021-03-24 | Diversey | United States | 4.75%171 | Citigroup, Morgan Stanley |
| 2021-03-23 | Trustpilot | United Kingdom | 2.116%172 | JPMorgan Chase, Morgan Stanley |
| 2021-03-22 | Deliveroo | United Kingdom | 1.6625%173 | Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase |
| 2021-03-10 | Coupang | United States | 2.1%174 | Goldman Sachs |
| 2021-03-02 | Oscar Health | United States | 5%175 | Goldman Sachs, Morgan Stanley |
| 2021-02-17 | Auction Technology | United Kingdom | 2.5%176 | JPMorgan Chase |
| 2021-02-10 | Signify Health | United States | 6%177 | Barclays, Goldman Sachs, JPMorgan Chase |
| 2021-02-02 | Moonpig | United Kingdom | 2%178 | Citigroup, HSBC, JPMorgan Chase |
| 2021-01-29 | Dr. Martens | United Kingdom | 1.5%179 | Barclays, Bank of America, Goldman Sachs, HSBC, Morgan Stanley |
| 2021-01-29 | Qualtrics International | United States | 5%180 | JPMorgan Chase, Morgan Stanley |
| 2021-01-21 | RLX Technology | United States | 3.25%181 | Citigroup |
| 2021-01-15 | Playtika Holding | United States | 4%182 | Morgan Stanley |
| 2021-01-12 | Affirm | United States | 5.35%183 | Goldman Sachs, Morgan Stanley |
M&A: adviser fees from merger proxies
Most recent find$37.5m93Citigroup, Utz Brands mergeradviser fee, merger proxy · filed 2026-10-02, read 1 Nov 2026
Dearest$117m113Goldman Sachs, Karuna Therapeuticsadviser fee, merger proxy · filed 2024-02-05, read 1 Nov 2026
| Filed | Target | Adviser | Fee |
|---|---|---|---|
| 2026-10-02 | Utz Brands merger | Citigroup | $37.5m93 |
| 2026-09-17 | Luxfer | Deutsche Bank | $8m102 |
| 2026-07-28 | Dominion Energy | JPMorgan Chase | $78m84 |
| 2026-07-28 | Dominion Energy | Lazard | $70m109 |
| 2026-07-13 | Huntsman | Citigroup | $21m94 |
| 2026-07-13 | Huntsman | Lazard | $24m110 |
| 2026-06-12 | KORE | Rothschild & Co | $5m106 |
| 2026-05-20 | Select Medical | JPMorgan Chase | $10m85 |
| 2026-01-30 | Avidity Biosciences | Goldman Sachs | $108m81 |
| 2026-01-09 | Confluent | Morgan Stanley | $84m87 |
| 2025-12-31 | Veeco Instruments | UBS | $28.5m99 |
| 2025-12-16 | Kenvue | Goldman Sachs | $63m82 |
| 2025-12-10 | Jamf Holding | Citigroup | $32m95 |
| 2025-11-20 | Electronic Arts | Goldman Sachs | $110m83 |
| 2025-10-01 | Norfolk Southern | Morgan Stanley | $52.5m88 |
| 2025-09-25 | American Woodmark | Rothschild & Co | $15m107 |
| 2025-08-07 | Couchbase | Morgan Stanley | $30m89 |
| 2025-05-14 | Dun & Bradstreet | Bank of America | $54m90 |
| 2025-05-12 | Endo | Lazard | $35m111 |
| 2024-12-18 | Altair Engineering | Citigroup | $63.8m184 |
| 2024-12-18 | Altair Engineering | JPMorgan Chase | $63.8m86 |
| 2024-11-20 | Arcadium Lithium | UBS | $34m100 |
| 2024-06-26 | Perficient | Bank of America | $25m91 |
| 2024-06-06 | Quanex | UBS | $8m101 |
| 2024-06-05 | Equitrans Midstream | Barclays | $30m96 |
| 2024-06-05 | Equitrans Midstream | Citigroup | $30m185 |
| 2024-04-26 | Hess | Goldman Sachs | $80m186 |
| 2024-04-26 | WestRock Co | Lazard | $55m187 |
| 2024-04-15 | Catalent | Citigroup | $63m188 |
| 2024-04-15 | Catalent | JPMorgan Chase | $58m189 |
| 2024-03-12 | United States Steel | Barclays | $68m97 |
| 2024-02-26 | Juniper Networks | Goldman Sachs | $93m190 |
| 2024-02-05 | Karuna Therapeutics | Goldman Sachs | $117m113 |
| 2024-01-31 | Six Flags Entertainment | Goldman Sachs | $60.3m191 |
| 2024-01-02 | ImmunoGen | Goldman Sachs | $77m192 |
| 2024-01-02 | ImmunoGen | Lazard | $77m193 |
| 2023-12-18 | Consolidated Communications | Rothschild & Co | $14.3m108 |
| 2023-11-09 | RPT Realty | Lazard | $18.2m194 |
| 2023-10-30 | Splunk | Morgan Stanley | $45m195 |
| 2023-09-18 | Veritiv | Morgan Stanley | $31m196 |
| 2023-09-05 | Newmont | Bank of America | $27.5m92 |
| 2023-09-05 | Newmont | Lazard | $27.5m197 |
| 2023-08-22 | Reata Pharmaceuticals | Goldman Sachs | $77m198 |
| 2023-07-24 | Conformis | UBS | $3m199 |
| 2023-06-05 | IVERIC bio | Bank of America | $69m200 |
| 2023-05-16 | Prometheus Biosciences | Goldman Sachs | $70.5m201 |
| 2023-05-02 | Univar Solutions | Deutsche Bank | $29m103 |
| 2023-04-11 | Evoqua Water Technologies | Lazard | $25m202 |
| 2023-01-23 | Horizon Therapeutics Public Company | Morgan Stanley | $80m203 |
| 2022-09-30 | Signify Health | Deutsche Bank | $24m104 |
| 2022-09-13 | Covetrus | Deutsche Bank | $2m112 |
| 2022-09-08 | Meridian Bioscience | Rothschild & Co | $22.2m204 |
| 2022-08-29 | Global Blood Therapeutics | JPMorgan Chase | $53.2m205 |
| 2022-07-26 | JPMorgan Chase | $53m206 | |
| 2022-07-08 | Nielsen | JPMorgan Chase | $65m207 |
| 2022-05-31 | SailPoint Technologies | Morgan Stanley | $62m208 |
| 2022-05-24 | Tivity Health | Lazard | $24.5m209 |
| 2022-05-11 | Spirit Airlines | Citigroup | $20m210 |
| 2022-04-26 | Tenneco | Lazard | $42m211 |
| 2022-04-21 | MoneyGram International | Bank of America | $20.2m212 |
| 2022-04-13 | TEGNA | JPMorgan Chase | $68m213 |
| 2022-04-07 | Zynga | Goldman Sachs | $64m214 |
| 2022-02-08 | Verso | Rothschild & Co | $15.5m215 |
| 2022-02-02 | Bottomline Technologies | Deutsche Bank | $25m216 |
| 2022-02-01 | SPX FLOW | Morgan Stanley | $34m217 |
| 2021-11-15 | Veoneer | Rothschild & Co | $28.2m218 |
| 2021-09-14 | Medallia | Morgan Stanley | $45m219 |
| 2021-09-09 | Veoneer | Rothschild & Co | $23.3m220 |
| 2021-09-02 | Covanta Holding | Bank of America | $37.5m221 |
| 2021-07-26 | Tremont Mortgage Trust | Citigroup | $4m222 |
| 2021-07-26 | Tremont Mortgage Trust | UBS | $4m223 |
| 2021-07-23 | Ferro | Lazard | $23m224 |
| 2021-07-19 | Cloudera | Morgan Stanley | $58m225 |
| 2021-07-13 | U.S. Concrete | BNP Paribas | $8.4m105 |
| 2021-07-07 | Kansas City Southern | Bank of America | $70m226 |
| 2021-06-21 | Welbilt | Morgan Stanley | $43m227 |
| 2021-06-14 | Proofpoint | Morgan Stanley | $78m228 |
| 2021-06-11 | Knoll | Bank of America | $23m229 |
| 2021-05-06 | Coherent | JPMorgan Chase | $12m230 |
| 2021-04-28 | PRA Health Sciences | Bank of America | $30m231 |
| 2021-04-28 | PRA Health Sciences | UBS | $30m232 |
| 2021-04-23 | People's United Financial | Lazard | $20m233 |
| 2021-04-13 | Alexion Pharmaceuticals | Bank of America | $75m234 |
| 2021-03-11 | Inphi | JPMorgan Chase | $32.5m235 |
| 2021-03-05 | Xilinx | Bank of America | $20m236 |
| 2021-03-05 | Change Healthcare | Goldman Sachs | $73m237 |
| 2021-02-22 | HMS | Barclays | $32.9m98 |
| 2021-02-19 | Urovant Sciences | Citigroup | $4m238 |
| 2021-02-05 | RealPage | Bank of America | $42.75m239 |
| 2021-02-05 | Aerojet Rocketdyne | Citigroup | $15m240 |
The tables as a file: deals.csv.
Rounded as the source rounded them, and no further. Corrections welcome, in writing, and in the order received.