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Investors across Asia have been largely shut out of the world's largest-ever IPO. They are turning to indirect methods to gain exposure to the $75 billion offering.
BloombergInvestors across Asia have been largely shut out of the world's largest-ever IPO, forcing them to find creative ways to make bets on SpaceX's $75 billion global spectacle. The offering marks the largest initial public offering on record. Regional participants report limited or no direct access to shares.
Market participants in multiple Asian jurisdictions said they received no allocation in the primary offering. Some described turning to secondary-market instruments and structured products to obtain exposure.
Financial firms have introduced derivative contracts and funds designed to track SpaceX performance without direct share ownership. These products carry additional costs and tracking risks compared with holding shares outright. Demand for such alternatives has increased since the IPO pricing was announced, according to intermediaries active in the region.
upi.comAlan Greenspan, who led the Federal Reserve from 1987 to 2006, died Monday at his home. His wife Andrea Mitchell confirmed the death from complications of Parkinson’s disease.
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.
nbcnews.comIran's Foreign Ministry stated that Tehran held 18-hour talks in Switzerland on Sunday but did not negotiate the nuclear file or accept new commitments. Multiple outlets reported the same position from the ministry spokesperson.