SpaceX is expected to make history — and this may come as soon as June 12. The Elon Musk-owned company is planning for what may become the world’s biggest initial public offering, an event that could push its valuation to $1.77 trillion.
The operation stands out in some ways from typical IPOs. For example, SpaceX has set a fixed price of $135 per share rather than selecting a price range as is generally done at this stage of the process. The technology and industrial giant has also made an effort to make the IPO a big event for retail investors; it’s earmarking about 30% of shares for them. In most IPOs, only about 5% to 10% of shares go to the non-professional investor.
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All of this, along with SpaceX’s growth and innovation prospects, clearly appeals to investors, as reports say SpaceX’s historic IPO is oversubscribed. So demand for the shares is exceeding supply. If you’re aiming to invest in SpaceX, here’s what that means for you.
Link: https://finance.yahoo.com/markets/stocks/articles/spacexs-historic-ipo-may-oversubscribed-113000813.html