How Did Day One Investors Fare in the SpaceX IPO? (Hint: Not Everyone Was a Winner)
Written by John Bromels for The Motley Fool -> SpaceX's IPO investors saw handsome gains as the stock closed up 19.2% from its IPO price. But only IPO investors saw that much of a gain as the stock opened at $150/share. The stock quickly rocketed past its ultimate closing pric
SpaceX's IPO investors saw handsome gains as the stock closed up 19.2% from its IPO price.
But only IPO investors saw that much of a gain as the stock opened at $150/share.
The stock quickly rocketed past its ultimate closing price, leaving most investors in the red.
The whirlwind Day One of public trading of SpaceX (NASDAQ: SPCX) shares has come to a close. If you like edge-of-your-seat excitement with lots of twists and turns, it was about as thrilling a day as you could ask for.
If you like big share price gains, it was more of a mixed bag.
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Here's how Day One investors fared on the first trading day of SpaceX stock.
SpaceX offered an unprecedented amount of IPO shares to retail investors. More than 20% of the IPO shares were ultimately allocated to non-professional investors through five brokerages, priced at $135/share. With over $100 billion in demand, however, many investors only received a fraction of the shares they requested.
