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SpaceX Reportedly Plans to Allocate Up to 30% of IPO Shares to Retail Investors
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According to a Reuters report, US billionaire Elon Musk is considering allocating up to 30% of SpaceX's initial public offering (IPO) shares to retail investors, which is at least three times the typical retail allocation. The report indicates that SpaceX's IPO structure differs from the standard Wall Street model, highlighting Musk's determination to control SpaceX's ownership structure and post-listing stock trading approach. The report also mentions that SpaceX CFO Bret Johnsen communicated the plan to Wall Street, combining an unusually large retail allocation with a hands-on approach in selecting investment banks. SpaceX is reportedly assigning narrow roles to certain investment banks based on personal relationships and past connections, rather than allowing broad competition among banks for investors. It was noted that the plan is not yet finalized and may change. Additionally, Musk personally selected Bank of America (BAC.US) to focus on domestic retail distribution. (fc/da) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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