SpaceX IPO roadshow starts at $135 a share as Fidelity opens retail interest
Early marketing indicates demand of about $150 billion, with the deal described as oversubscribed ahead of an expected June 12 debut and Fidelity allowing eligible retail clients to submit indications of interest.
SpaceX has begun its IPO roadshow at an expected $135 per share for 555,555,555 Class A shares, with trading expected to start on June 12, according to filing-based reporting and people familiar with the matter. Fidelity said retail brokerage customers with at least $2,000 in assets can submit indications of interest for the offering, identified on its platform as SPCX. Newer reporting said early IPO indications have reached about $150 billion, roughly twice the planned fundraising amount, and separately described the deal as oversubscribed at a reported $75 billion size, though final pricing and allocations will be determined later in the bookbuilding process.
- IPO: An initial public offering, in which a private company sells shares to public investors for the first time.
- roadshow: A series of meetings where a company and its underwriters present an offering to potential investors before shares are priced and listed.
- bookbuilding: The process of gathering investor orders before pricing an offering and setting final allocations.