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The vampire capital markets are getting bigger and bigger, and the crypto world is bleeding out.
SpaceX IPO rewrites Wall Street conventions: retail investor quotas to reach three times the usual, investor meetings to start after Easter
SpaceX is notifying potential IPO investors that a company-led investor briefing (testing-the-waters meetings) is expected to begin after the Easter holiday in April, and the IPO application could be secretly filed as early as this month. The IPO could raise up to $75 billion, with a valuation potentially reaching $1.75 trillion, possibly surpassing Saudi Aramco's record of about $290 billion in 2019, making it the largest IPO in history.
1. Bank of America: Responsible for high-net-worth individuals and family offices in the U.S.
2. Morgan Stanley: Serving small and medium retail investors through its E*Trade platform
3. UBS: Responsible for international high-net-worth investors
4. Citibank: Coordinating international retail and institutional distribution
5. Mizuho, Barclays, Deutsche Bank, and Royal Bank of Canada cover the Japanese, UK, German, and Canadian markets respectively
The final size and timetable of the IPO have not yet been determined. $BNB
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