What Did SpaceX Stock Close At After its First Day of Trading?
Right out of the gate, SpaceX is the world's seventh-largest public company.
Overview
The biggest initial public offering in history lived up to the hype. SpaceX (NASDAQ:SPCX) went public today, with shares selling at $135 each. With shares in high demand, the stock opened at $150 and continued climbing throughout the day, closing at $160.95.
That’s a gain of 19.2% from the IPO price set by Elon Musk’s company and gives it a market cap of $2.1 trillion, making it the seventh-biggest publicly traded company in the world on Day One.
Details
It’s been a dizzying day for investors who lined up for a chance to take part in the IPO. Retail investors typically have access to between 5% and 10% of IPO shares, with institutional investors taking the lion’s share. But SpaceX planned to make more than 20% of its shares immediately available to retail investors.
Source
Originally published at www.fool.com.