Retail Orders for SpaceX IPO Top $100 Billion as Offer Price Is Set at $135
Summary
- Bloomberg reported that retail demand in SpaceX's IPO subscription topped $100 billion.
- SpaceX set the IPO price at $135 a share and will raise $75 billion by selling 555.56 million shares.
- At the offer price, SpaceX's market value is $1.77 trillion, and at least 20%% of the shares are allocated to retail investors.
Forecast Trend Report by Period
Retail demand in SpaceX's initial public offering topped $100 billion, Bloomberg reported.
Bloomberg, citing people familiar with the matter on June 11, reported that orders from individual investors seeking SpaceX shares exceeded $100 billion.
SpaceX set its IPO price at $135 a share. That matches the preliminary offer price disclosed earlier. The company will sell 555.56 million shares and raise $75 billion.
Retail demand alone has therefore surpassed the $75 billion SpaceX plans to raise in the IPO. At least 20% of the shares are allocated to individual investors, suggesting a substantial portion of orders already placed by retail buyers may go unfilled.
At the offer price, SpaceX's market value is $1.77 trillion. The company is scheduled to list on Nasdaq and Nasdaq Texas on June 12.
Kim Su-young, Hankyung.com reporter, swimmingk@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
