Demand for SpaceX shares surges ahead of a historic IPO, with reports indicating institutional investors have subscribed for SPCX shares at four times the amount the company plans to sell (oversubscription).
According to Bloomberg, the banks managing the share sale expect to close institutional orders after the New York Stock Exchange closes on Wednesday, reflecting very strong interest in SpaceX shares even before the market debut.
On the evening of 11 June, after U.S. market close, SpaceX and its partner banks will announce the final share price, targeted at 135 U.S. dollars per share, with trading set to begin on 12 June. SpaceX shares will be listed on Nasdaq under the ticker SPCX.
The company plans to offer 555,555,555 shares at 135 U.S. dollars each, raising about 75 billion U.S. dollars—nearly three times larger than Saudi Aramco's IPO record of 29.4 billion dollars in 2019. This will make it the largest IPO in U.S. stock market history.
However, despite the high demand, orders are still being accepted and details may change, as the information has not been officially announced. SpaceX has not yet commented on the matter.
SpaceX's share sale is led by major U.S. financial institutions, including Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, along with 18 other banks and financial institutions.
Recently, OpenAI, the owner of ChatGPT, filed confidential documents to prepare for a stock market debut, following Anthropic, the developer of Claude, which filed just days earlier.
Bloomberg estimates that if SpaceX, OpenAI, and Anthropic successfully go public, together they could add as much as 3.6 trillion U.S. dollars in value to the U.S. stock market.
Source:Bloomberg
Follow the Facebook page: Thairath Money at this link -https://www.facebook.com/ThairathMoney