Will the SpaceX IPO Pop Tomorrow? Here's Why That Is The Wrong Question Investors Should Ask.
The initial pop won't help most investors.
Will the SpaceX IPO Pop Tomorrow? Here's Why That Is The Wrong Question Investors Should Ask.
Overview
Tomorrow, June 12, SpaceX will debut on the Nasdaq stock exchange with the ticker symbol SPCX. It will be the largest initial public offering (IPO) ever, aiming to raise $75 billion for the company.
All eyes will be on the stock when it hits the markets, and it could pop more than $5 trillion, according to analyst Jim Cramer, if underwriters release too few shares, causing demand to explode.
Details
But that's a one-day event. The only people it's relevant to are those who don't have trading restrictions and got in at a much lower price. Those insiders stand to make a lot of money from the IPO.
Source
Originally published at www.fool.com.
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