SpaceX plans IPO share price at $135
SpaceX plans to sell shares in its initial public offering at a fixed price of $135 each. The approach skips the usual price-range process and investor feedback stage.
benzinga.comSpaceX plans to sell shares in its initial public offering at a fixed price of $135 each. The company is forgoing the conventional method of setting a price range and gathering investor input before finalizing terms.
The fixed-price approach differs from standard Wall Street practice for technology offerings. Company officials have not disclosed how many shares will be offered or the expected timing of the sale.
Technology companies have used fixed-price IPOs in limited cases, though most recent large offerings relied on range-based pricing. No further details on valuation targets or share allocation were released.
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