Japanese retail investors swarm to subscribe to SpaceX stock

Golden Finance reports that on June 11, SpaceX’s total IPO fundraising this time amounts to $75 billion, of which 30% of the shares are allocated for sale to individual investors. Despite the recent sell-off and volatility affecting U.S. tech stocks, a large number of people view it as a once-in-a-generation investment opportunity, sparking a rush to buy. Market enthusiasm is unprecedented; major brokerages have already rolled out control measures to prevent traders from placing duplicate orders across multiple platforms.

According to estimates, based on the fundraising target, Japanese investors will contribute about 3% of the total fundraising amount, and their share of the individual subscription portion will be even higher. Although institutions can also apply for this tranche, due to certain regulatory requirements, Japan-based stock fund managers are not allowed to invest in overseas stocks, so most of the quota will be allocated to retail investors.