Goldman Sachs received 51% of the fees paid to the bookrunners of satellite operator Eutelsat's €860m ($1bn) initial public offering last month, more than twice the amount it would have received if the float had gone ahead in October.

The US bank was paid €8.8m as sole global co-ordinator and lead bookrunner of the French satellite operator's float, while Morgan Stanley, which had co-advised the company with Goldman and was a bookrunner, received 20% of the fees, worth €3.4m.