After several sluggish years for the IPO market, ******* eX (NASDAQ:SPCX) is preparing to make its public market debut in what could become the largest stock offering in history. The company plans to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX following the filing of its S-1 registration statement.
The proposed offering could value ******* eX at as much as $2 trillion, instantly making it one of the most valuable publicly traded companies in the world and reigniting excitement across Wall Street after a prolonged drought in major IPO activity.
Unlike many blockbuster IPOs that heavily favor institutional investors and large funds, ******* eX appears to be actively encouraging participation from retail traders.
In its S-1 filing, the company stated that, “Certain of the shares of Class A common stock offered hereby will, at our request, be offered to retail investors.”
According to the filing, shares are expected to be accessible through brokerage platforms including Charles Schwab (SCHW), Fidelity Investments, Robinhood (HOOD), SoFi Technologies (SOFI) and Morgan Stanley’s E*TRADE platform.
The proposed offering could value ******* eX at as much as $2 trillion, instantly making it one of the most valuable publicly traded companies in the world and reigniting excitement across Wall Street after a prolonged drought in major IPO activity.
Unlike many blockbuster IPOs that heavily favor institutional investors and large funds, ******* eX appears to be actively encouraging participation from retail traders.
In its S-1 filing, the company stated that, “Certain of the shares of Class A common stock offered hereby will, at our request, be offered to retail investors.”
According to the filing, shares are expected to be accessible through brokerage platforms including Charles Schwab (SCHW), Fidelity Investments, Robinhood (HOOD), SoFi Technologies (SOFI) and Morgan Stanley’s E*TRADE platform.
2 days ago
