✉news ScienceSpace first seen 10 h ago, last 7 h ago, peak #17
SpaceX IPO enlarged to $85.7 billion after greenshoe exercise
Original: SPCX Stock Extends Its Relentless Rally – SpaceX Expands Historic IPO To $85.7B After Underwriters Exercise Greenshoe Option
SpaceX's much-discussed IPO has been enlarged to $85.7 billion after underwriters exercised their greenshoe option, allowing additional shares to be sold at the offering price. Trading under the ticker SPCX, the stock has continued a strong rally since listing, extending gains as demand outstripped expectations. Commentators are calling it one of the largest public offerings in history, with attention on whether the momentum can hold once the post-IPO excitement fades.
Why now: Reports that underwriters exercised the greenshoe option, expanding the IPO and fuelling a continuing stock rally, are drawing wide investor attention.
Evidence
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