SpaceX prices IPO at 135 dollars per share, 1.77 trillion valuation, Nasdaq debut planned June 12 under ticker SPCX
SpaceX set its IPO at a fixed 135 dollars a share, selling 555.6 million shares to raise about 75 billion dollars at a 1.77 trillion valuation. Listing planned for Nasdaq on June 12 under ticker SPCX. It would rank as the largest IPO on record. Source: CNBC, Fortune.
SpaceX has set the terms of its initial public offering. According to CNBC and Fortune, the company will sell 555.6 million shares at a fixed price of 135 dollars each, raising about 75 billion dollars and implying a valuation of 1.77 trillion. The listing is planned for the Nasdaq on June 12 under the ticker SPCX, with Goldman Sachs as lead banker, followed by Morgan Stanley, Bank of America $BAC, Citigroup $C and JPMorgan Chase $JPM. At 1.77 trillion the company would rank as the seventh-largest in the United States, above Tesla $TSLA at roughly 1.6 trillion. The reporting notes the offering would be the biggest IPO ever, more than triple the size of Alibaba, the largest US listing to date. Elon Musk would hold more than 82 percent of voting control after the offering, per the filing. Source: cnbc.com, fortune.com.