#SpaceX IPO Quick Overview
The listing price for this IPO is $135 per share, with a total market cap of $1.75 trillion. Pre-market quotes are at $160 per share, expecting a pump of 18%, which would bring the market cap to $1.925 trillion.
A total of 555.6 million shares are being released, with only 4.2% of the float available. The initial circulating market cap is $75 billion, and pre-market circulating market cap is $88.5 billion. Retail allocation is at 30%, which is significantly higher than the usual large-cap stock levels.
Strict lock-up period: Musk and core investors are locked in for 1 year, while other insiders are locked for 6 months. Two weeks post-IPO, we can expect $6-8 billion in passive index funds entering the market, which is about 10% of the float.
As one of the largest IPOs in history, this stock might face some initial pressure at the open.
The listing price for this IPO is $135 per share, with a total market cap of $1.75 trillion. Pre-market quotes are at $160 per share, expecting a pump of 18%, which would bring the market cap to $1.925 trillion.
A total of 555.6 million shares are being released, with only 4.2% of the float available. The initial circulating market cap is $75 billion, and pre-market circulating market cap is $88.5 billion. Retail allocation is at 30%, which is significantly higher than the usual large-cap stock levels.
Strict lock-up period: Musk and core investors are locked in for 1 year, while other insiders are locked for 6 months. Two weeks post-IPO, we can expect $6-8 billion in passive index funds entering the market, which is about 10% of the float.
As one of the largest IPOs in history, this stock might face some initial pressure at the open.