finance
SpaceX to list shares on NASDAQ Friday in largest IPO on record
SpaceX plans to begin trading on the NASDAQ exchange Friday. The offering is projected to become the largest initial public offering in U.S. history.
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SpaceX will begin trading shares on the NASDAQ exchange Friday. The company is expected to set a record for the largest initial public offering in U.S. history. NASDAQ has introduced new listing rules intended to attract large private companies. Officials at the exchange said the changes are designed to draw offerings from firms such as SpaceX.
Background on the listing The company has operated as a private firm since its founding. Its move to public markets follows months of preparation by the company and exchange staff. No named executives or spokespeople appear in the reporting. The transaction will be handled through standard NASDAQ procedures for new listings.
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