BloombergLean L·
SpaceX IPO Leaves Billions on the Table Amid High Valuation Concerns
Jay Ritter, director of The IPO Initiative and Emeritus Professor at the University of Florida, discussed the unprecedented $75 billion SpaceX IPO, highlighting its fixed $135 offer price set before the roadshow—a highly unusual approach. This pricing strategy resulted in a first-day stock price jump that left approximately $20 billion in first-day profits on the table, more than double the previous U.S. IPO record held by Alibaba. He speaks with Romaine Bostick & Katie Greifeld on "The C…
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