SpaceX Plans June IPO Roadshow With Unusually Large Retail Investor Allocation
SpaceX has started outlining plans for its long-anticipated initial public offering, with an investor roadshow expected to begin in June, according to reports citing people familiar with the matter. The company discussed the plans with its bankers during a virtual meeting on Monday night.
The rocket and satellite company plans to give retail investors a much larger share of the offering than is typical for a stock market debut. It also plans to host about 1,500 retail investors at an event in June after the roadshow begins.
Several reports described the potential listing as a record-setting IPO, with one saying the company is closing in on a $75 billion valuation. The debut has also drawn attention because it could become the largest initial public offering in history.
Analysts and market watchers are also watching the broader impact of the offering, as a blockbuster SpaceX listing could attract major investor attention when the IPO market is already considered fragile.
SpaceX is preparing for an initial public offering, or IPO, which would allow it to sell shares to the public for the first time.
Reports say SpaceX is targeting an early June launch for its investor roadshow.
It is being described as potentially the largest IPO in history, and SpaceX plans to give retail investors an unusually large role in the offering.
Yes. Reports say SpaceX plans to reserve a large portion of shares for retail investors and host a retail investor event in June.
Reuters
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