SpaceX IPO is 2x "oversubscribed"

djnasdaq (25)in #investing • 4 days ago

SpaceX's IPO is reportedly only 2x oversubscribed so far. For comparison, some of the most anticipated IPOs in recent history attracted far greater demand:

Snowflake 120x oversubscribed
DoorDash 40x
Airbnb 40x
Twitter 30x
Dropbox 25x
Alibaba 22x
Facebook 20x
Snap Inc. 10x

For additional perspective, Saudi Aramco, previously the largest IPO ever by capital raised, was approximately 4.6x oversubscribed.

Despite the enormous public attention surrounding SpaceX, current demand appears relatively modest compared with many landmark IPOs of the past.

#finance #business #steem #steemit #stocks #spx #alphainvestorclub

4 days ago in #investing by djnasdaq (25)

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