BREAKING: The SpaceX, $SPCX, IPO is now receiving first indications as the Nasdaq window opens.
Details include:
1. First indications are coming in at $175/share
2. This implies a ~30% jump from the $135/share offer price
3. The IPO has drawn $350 billion in total demand, $250 billion of institutional demand
4. 70% of shares sold to institutions were allocated to long-only investors
5. SpaceX is set to open as the 6th largest public company in the world
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SpaceX IPO receiving first indications at $175/share, implying ~30% pop from $135 offer price. IPO drew massive $350B total demand ($250B institutional), with 70% allocated to long-only investors. Set to open as 6th largest public company globally.
