As I’m writing this, the largest IPO in history is underway. SpaceX, which targeted a $135 IPO price, closed above $160 in its first trading day, making Elon Musk the world’s first trillionaire and SpaceX the sixth largest public company in the world. Talk about a rocket ship!
But something makes this IPO truly special: the huge amount of retail participation. To put things into perspective, historically, less than 10% of IPO shares were reserved for retail. For SpaceX, that number jumped to...
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