finance
SpaceX Sets Retail IPO Allocation in Low-20s Percent Range
SpaceX will allocate a percentage in the low 20s of its IPO shares to retail investors, down from earlier expectations of roughly 30%. The company is set to begin trading Friday at an expected valuation of about $1.8 trillion.
Jun 11, 3:30 PM·1m read1 source
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SpaceX plans to allocate a percentage in the low 20s of its initial public offering shares to retail buyers, according to a person familiar with the matter. The allocation is below earlier expectations that roughly 30% of the deal would be reserved for retail investors. Retail buyers include international individual investors, online brokerages and private-bank clients.
The allocation decisions are almost finalized and could still change, the person said. SpaceX is set to begin trading Friday. 8 trillion at IPO. The reduced allocation suggests institutional demand for the shares has been strong.
IPO of this size, Cnbc reported.
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