SK Hynix’s planned US$28b Nasdaq IPO and the US$140m fee pool flowing to investment banks underline how large equity offerings can reshape the opportunity set for global investment banks and capital markets firms. When capital raising is this active, the banks helping to structure, sell, and advise on those deals can see shifts in revenue mix, risk and investor attention. This article looks at 3 stocks from that group that are closely linked to the current IPO and AI chip momentum, explaining how their exposure to this news could matter for your portfolio decisions, whether you are looking for potential beneficiaries or prefer to stay on the sidelines.

AlTi Global (ALTI)

Overview: AlTi Global is a New York based wealth and asset manager that works with wealthy families and institutions around the world, providing investment management, trust and estate planning, family office support, and access to real estate and alternative investment platforms.

Operations: AlTi Global generates its revenue primarily from its Wealth & Capital Solutions segment, which produced about US$271m.

Market Cap: US$543.4m

AlTi Global sits at the intersection of high net worth wealth management and global capital markets, which gives it exposure to the SK Hynix IPO theme. The company is still loss making and its losses have been widening over the past 5 years, so funding entirely through external borrowing increases the risk profile. Revenue is forecast to grow and earnings are expected to move into profit over the next few years, and the stock is valued more cheaply than many capital markets peers on a P/S basis. Recent index inclusions across several Russell growth benchmarks and its push into AI supported wealth tools indicate that investor attention could build if IPO and equity issuance activity remains strong.

AlTi Global’s widening losses and lower P/S ratio could be masking what matters most: how fast its story might change if expectations play out. Get the full context in the analyst forecasts for AlTi Global

Moelis (MC)

Overview: Moelis & Company is a global investment bank that advises clients on mergers and acquisitions, restructurings, capital raises and other complex corporate finance decisions for businesses, governments and investment funds across major regions including the Americas, Europe, the Middle East, Asia and Australia.

Operations: Moelis generates essentially all of its US$1.53b in revenue from its investment banking advisory business, with the United States contributing about US$1.29b, Europe US$142.1m and the rest of the world US$96.2m.

Market Cap: US$5.26b

Moelis sits close to the action when mega IPOs like SK Hynix come to market, because its core business is advising on equity offerings, private capital raisings and complex capital structure deals for clients that are highly exposed to AI, digital infrastructure and other fast changing sectors. Forecast revenue and earnings growth, high current and expected Return on Equity, and a DCF that suggests the stock trades below estimated future cash flow value are key reasons investors are watching it, but the story is not one way. Heavy investment in talent, reliance on event driven fees and recent analyst downgrades all introduce real execution risk, which is exactly why understanding the full Moelis & Company narrative matters before you decide how it fits in your portfolio.

Moelis looks like an accelerating fee engine, but the real story sits where strong forecast growth, high Return on Equity and event driven risk collide in the analyst forecasts for Moelis

Hamilton Lane (HLNE)

Overview: Hamilton Lane is a Philadelphia based private markets specialist that helps institutions and wealthy investors get exposure to private equity, credit, infrastructure and other alternative assets through funds, evergreen vehicles and tailored mandates across global regions.

Operations: Hamilton Lane generates about US$759m in revenue from asset management, with roughly US$310m coming from the United States and US$449m from other countries.

Market Cap: US$4.43b

Hamilton Lane provides a way into the private equity and private credit ecosystem that sits behind blockbuster events like the SK Hynix IPO, with fee based asset growth, a current profit margin of 32.8% and analyst expectations for double digit revenue and earnings growth. At the same time, the stock trades on a P/E that is below the US Capital Markets industry, even as the company raises multi billion dollar funds, expands partnerships such as iCapital and Gridline, and builds technology driven services that can deepen client relationships. There are also risks to consider, including fee compression risk, regulatory costs and the impact of one off gains, which is part of what makes the broader Hamilton Lane story worth understanding in detail.

Hamilton Lane’s fee based growth, 32.8% margin and expanding private markets platform suggest a story that may be only half written. The next chapter is hiding in the analyst forecasts for Hamilton Lane

The three stocks in this article are just a starting point, as the full Global Investment Banks & Capital Markets Firms screener has surfaced 8 more companies with equally compelling narratives around equity underwriting, advisory income and capital markets exposure. Use Simply Wall St to identify and analyze the specific catalysts and storylines that matter to you so you can focus on the highest conviction opportunities across this group.

Take Control of Your Investment Journey

If AlTi Global or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.