Market Chatter: SpaceX Targets Large Retail Allocation in Planned IPO

MT Newswires Live
Yesterday

SpaceX plans to reserve as much as 25% of its proposed $75 billion initial public offering for individual retail investors, a potentially record allocation for a large-cap listing, the Financial Times reported Friday, citing unnamed people familiar with the matter.

Elon Musk wants retail investors to play a significant role in the company's shareholder base from the outset, reflecting his longstanding preference for individual investors over institutional funds, the report said.

The final allocation has not been determined and will depend partly on investor demand, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10