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What investment banks made on the Snowflake IPO in fees - Business Insider

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Investment bankers raked in more than $100 million in fees on Snowflake's mega IPO. Here's a breakdown of how much Goldman Sachs, Morgan Stanley, and 8 other banks each made.

Snowflake CEO Frank Slootman, who is reported to be a newly-minted billionaire in the wake of this week's massive Snowflake IPO.The investment banks who helped carry data-storage unicorn Snowflake to the open market, and took part in the biggest software IPO in history, are celebrating with a flurry of fees, according to data reviewed by Business Insider from regulatory filings and Dealogic.

Collectively, the 10 banks that served as underwriters for the IPO pocketed a cool $105 million in fees.

 

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