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SpaceX IPO reportedly receives significant oversubscription

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Golden Finance reports that on June 9th, according to foreign media, sources familiar with the matter said that SpaceX's initial public offering (IPO) has received significant oversubscription, and market demand for this potentially record-breaking listing is heating up. Sources said that the lead underwriters for this issuance are expected to stop accepting institutional investor subscriptions after the close of the New York market at 4 p.m. on Wednesday. Closing the book will give banks time to assess demand and advise the company on pricing. SpaceX's IPO is expected to be priced on June 11th and begin trading the following day. The company will issue 555.6 million shares, priced at $135 per share, with an expected fundraising of about $75 billion and a company valuation of approximately $1.8 trillion. After the Wednesday deadline, retail investors can still submit SpaceX stock subscription orders on some platforms. Previously, it was reported that the company would allocate up to 30% of the shares in this issuance to retail investors.
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