When ******* eX starts trading Friday, the biggest IPO in history will bring to life the market's latest elephant-sized stock. Should individual investors get into the trading frenzy?
Initial public offerings have a way of making investors dream they can buy a stock at the lowest prices ever. No doubt, interest is high for Elon Musk's satellite and rocket ship company, which is expected to raise about $75 billion. But some unusual or even unprecedented circumstances could magnify the usual volatility and risks that come with IPOs.
Russell indexes and the Nasdaq have cleared the way for ******* eX to be included in major indexes in as little as seven days from the IPO. In an amended prospectus, ******* eX (SPCX) said some pre-IPO shares will be offered to retail investors through Charles Schwab (SCHW), Fidelity, Robinhood (HOOD) and SoFi Technologies' (SOFI) brokerage.
At least two ETF firms plan to offer ******* eX leveraged funds. Leverage Shares ETFs announced on X an ETF that doubles the stock's daily price move. It will trade under the symbol SPCH. ProShares says it will launch an Ultra ******* eX ETF with the SPCF symbol.
Hyperliquid, a blockchain-based trading platform, quoted ******* eX shares at nearly 164 on Monday. That's 21% above the expected IPO price of 135. But the price has been falling this month and is well off the 230 peak on May 18. Hyperliquid's first ******* eX trades came the previous day.
Initial public offerings have a way of making investors dream they can buy a stock at the lowest prices ever. No doubt, interest is high for Elon Musk's satellite and rocket ship company, which is expected to raise about $75 billion. But some unusual or even unprecedented circumstances could magnify the usual volatility and risks that come with IPOs.
Russell indexes and the Nasdaq have cleared the way for ******* eX to be included in major indexes in as little as seven days from the IPO. In an amended prospectus, ******* eX (SPCX) said some pre-IPO shares will be offered to retail investors through Charles Schwab (SCHW), Fidelity, Robinhood (HOOD) and SoFi Technologies' (SOFI) brokerage.
At least two ETF firms plan to offer ******* eX leveraged funds. Leverage Shares ETFs announced on X an ETF that doubles the stock's daily price move. It will trade under the symbol SPCH. ProShares says it will launch an Ultra ******* eX ETF with the SPCF symbol.
Hyperliquid, a blockchain-based trading platform, quoted ******* eX shares at nearly 164 on Monday. That's 21% above the expected IPO price of 135. But the price has been falling this month and is well off the 230 peak on May 18. Hyperliquid's first ******* eX trades came the previous day.
5 days ago
