1 Surprising Revelation From SpaceX's Recent IPO
The SpaceX IPO didn't turn out as some predicted.
1 Surprising Revelation From SpaceX's Recent IPO
Overview
The record-breaking Space Exploration Technologies (NASDAQ: SPCX) initial public offering (IPO) is now behind us. Before the public sale, experts weren't entirely sure how the IPO would fare. Many Wall Street experts were extremely bullish. Others, however, believed investors should skip the IPO and wait for the price to drop before jumping in.
Morningstar, for example, valued the company doing business as SpaceX at just $780 billion. The research firm told investors that "the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO."
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Originally published at www.fool.com.
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