SpaceX’s IPO is reportedly heavily oversubscribed. Lead underwriters expect to stop taking institutional orders after the New York market close at 4:00pm ET on Wednesday to assess demand and advise on pricing. The deal is set to price on June 11 and begin trading June 12. The company will offer 555.6 million shares at $135 each, raising about $75bn and implying an equity value near $1.8tn. Retail investors may still submit orders on some platforms after the Wednesday cutoff; up to 30% of the off

SpaceX’s IPO is reportedly heavily oversubscribed. Lead underwriters expect to stop taking institutional orders after the New York market close at 4:00pm ET on Wednesday to assess demand and advise on pricing. The deal is set to price on June 11 and begin trading June 12. The company will offer 555.6 million shares at $135 each, raising about $75bn and implying an equity value near $1.8tn. Retail investors may still submit orders on some platforms after the Wednesday cutoff; up to 30% of the offering is reportedly reserved for retail.