SpaceX Is Set to Start Trading Friday in What Could Be the Biggest IPO in History. Here's What Market History Says About Buying Day 1.
Friday will bring the largest market debut ever. Before buying in, it's worth knowing how history's biggest IPOs treated day-one buyers.
SpaceX Is Set to Start Trading Friday in What Could Be the Biggest IPO in History. Here's What Market History Says About Buying Day 1.
Overview
SpaceX is set to make stock market history. The rocket maker turned satellite internet and artificial intelligence (AI) conglomerate is expected to begin trading on the Nasdaq on Friday, June 12, after selling about 555.6 million shares at a fixed price of $135 apiece. It will trade under the ticker SPCX. The $75 billion raise would be the largest from any initial public offering (IPO) ever -- more than double the $29.4 billion record set by Saudi Aramco in 2019. And it gives the company an initial market value of about $1.77 trillion, instantly one of the most valuable companies in the world.
Anticipation among everyday investors seems just as outsized. SpaceX's prospectus names several retail brokerage platforms that will make shares available at the offer price, an unusual arrangement at this scale. Everyone else who wants in on Friday will pay whatever price the market sets at the open.
Details
So, what does history say about buying a debut of this magnitude on day one? Here are three lessons from the market's biggest IPOs.
Source
Originally published at www.fool.com.
