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SpaceX's IPO has reportedly received several times oversubscription.

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Odaily Planet Daily reported that, according to sources, as SpaceX’s listing date approaches, its initial public offering has attracted subscription demand from institutional investors that is several times the subscription demand for the available shares. The sources said that the lead underwriters in charge of the IPO disclosed to investors earlier on Tuesday that, through meetings with management, the subscription demand had further increased. These individuals said that since Monday, the number of stock subscription orders has continued to rise. Some insiders said that the underwriting banks have separately indicated that, in this offering, the allocation of shares for institutional investors will mainly be concentrated among large pure long-only investment management firms. According to reports from foreign media, multiple institutional investors each placed orders to subscribe for about $10 billion or more worth of stock. (Jin10)
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