SpaceX Leaves Some Banks Peeved at Junior Roles in IPO Lineup

Several junior banks marketing shares in SpaceX’s landmark listing are working for relatively small fees and being relegated to roles that don’t come with any credit, according to people familiar with the matter.

Some of the banks listed on the lower lines in the SpaceX filing were informed in recent weeks that they had been appointed as co-managers, the lowest rung of broker on an initial public offering, the people said, asking not to be identified because the matter is private. The banks that were notified include Societe Generale and Mizuho Financial Group Inc., the people said.

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