Updated Bulge Bracket List - SpaceX IPO
The SpaceX IPO basically gave a refreshed look at the current BB hierarchy.
Updated list includes:
RBC Capital Markets
Wells Fargo (also advised on NextEra / Dominion deal)
UBS stays as BB (will probably disappear soon)
Pretty notable seeing RBC and WF continue to break further into the traditional BB conversation on one of the highest profile mandates out there.
Feels like this filing says a lot about how the market currently views the BB group. Might want to wait for the OpenAI and Anthropic filing to see a complete view of the market.
Congrats on Jefferies!
You’re talking about equity capital markets. What does LevFin and sponsors have to do with it?
BBs aren’t a tier list lol. Jefferies isn’t a BB.
Not sure why UBS would disappear as a BB. Bigger/better than RBC and DB
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