SpaceX IPO Indications at $175/Share, 30% Above Offer Price
First indications for SpaceX's IPO price shares at $175, a 30% premium over the $135 offer price. Total demand has reached $350 billion, with $250 billion from institutional investors.
SpaceX's initial public offering is gaining momentum as the Nasdaq window opens. According to reports, first indications are pricing shares at $175 each, representing a roughly 30% increase from the $135 offer price.
The IPO has attracted massive demand, totaling $350 billion, of which $250 billion is from institutional investors. Notably, 70% of the shares sold to institutions have been allocated to long-only investors, signaling strong conviction in the company's prospects.
If the IPO proceeds as indicated, SpaceX would open as the sixth-largest publicly traded company in the world by market capitalization. The ticker symbol is $SPCX.
Source: The Kobeissi Letter