SpaceX and other giga-listings could raise indices’ risks
Retail investors would do well to note that an IPO is mainly an exit avenue for insiders, who will profit handsomely
Add BT as a preferred source
AN ERA of outsized listings is at hand. SpaceX, the rocket, satellite and artificial intelligence brainchild of Elon Musk, goes public on Friday (Jun 12).
It has been “well oversubscribed”, as reported by Bloomberg. Priced at US$135 per share, its initial offer of 555.6 million shares, with around 30 per cent reserved for retail investors, will raise US$75 billion and value it at US$1.8 trillion.
Also headed for initial public offerings are OpenAI, famed for ChatGPT, and Anthropic, known for its chatbot Claude. Recent funding rounds for both have taken their valuations close to US$1 trillion each.
TRENDING NOW
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Not in education, employment or training: Why more Hong Kong youths are opting out of work
