TechFlow News, June 4: SpaceX has launched its initial public offering (IPO) roadshow, planning to offer 555,555,555 shares of Class A common stock to the public at an expected price of $135 per share. Retail investors will be able to participate in the offering at the same price as large institutional investors. The offering also includes a 30-day over-allotment option granted to underwriters, allowing them to purchase up to an additional 83,333,333 shares of Class A common stock.
SpaceX has applied to list its Class A common stock on the Nasdaq Global Select Market and the Nasdaq Texas Exchange under the ticker symbol “SPCX.” Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, JPMorgan Chase, and Barclays will serve as bookrunners. (Jinshi)
