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SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq, sources say
A faster-than-expected U.S. Securities and Exchange Commission review and a planned Nasdaq-100 push are moving the offering up weeks, sources said.
- SpaceX is accelerating its initial public offering, aiming to list on Nasdaq under ticker 'SPCX' as early as June 12, with pricing expected by June 11, sources told Reuters on Friday.
- A faster-than-expected Securities and Exchange Commission review of IPO paperwork prompted the acceleration, while Nasdaq's recently implemented 'fast entry' rules expedite large-cap inclusion in its Nasdaq-100 benchmark index.
- Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs serve as lead bookrunners, targeting a valuation of roughly $1.75 trillion and a raise of about $75 billion, supported by 16 other banks.
- Prospectus filing and investor roadshow are scheduled for June 4, pulling forward the timeline from the previously anticipated late June debut and reflecting urgency in SpaceX's market entry strategy.
- Positioning itself to potentially achieve the largest stock market flotation ever, SpaceX aims to capture investor interest amid concerns over the shrinking number of publicly listed companies in America.
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According to media reports, SpaceX wants to go public in mid-June collecting up to 80 billion dollars. Elon Musk's space company could thus be the largest IPO in history.
·Dortmund, Germany
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Here you can find information on the topic "Space Company". Read now "Media: SpaceX plans IPO for mid-June".
·Germany
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Elon Musk rocket company accelerates IPO schedule and now intends to release the prospect of the operation next Wednesday
·Brazil
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SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut
Elon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.
·Manila, Philippines (the)
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Coverage Details
Total News Sources32
Leaning Left7Leaning Right9Center7Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 31%
C 30%
R 39%
Factuality
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