BREAKING: The SpaceX, $SPCX, IPO is now receiving first indications as the Nasdaq window opens.
Details include:
1. First indications are coming in at $175/share
2. This implies a ~30% jump from the $135/share offer price
3. The IPO has drawn $350 billion in total demand, $250 billion of institutional demand
4. 70% of shares sold to institutions were allocated to long-only investors
5. SpaceX is set to open as the 6th largest public company in the world
Turn on our post notifications at @KobeissiLetter for real time analysis as the SpaceX IPO launches.
I appear to have been in lalaland this a.m. during my editing process. Here is a corrected version with #CAD corrections.
franceshorodelski.com/f/if%E…
In 1986, two (not great) computer companies - Sperry and Burroughs - merged to make another (not great) company Unisys $UIS. The stock has done nothing, essentially, but go down over those almost 40 years. Today I see it as a “new strong buy” @ZacksResearch. Is everything old new again?
Aussie housing market
“To put that into perspective, that’s about seven times the value of Australian households’ bank deposits, four times the value of the Australian stock market, three times the total value of superannuation and about the same value as the housing markets of #Canada and France.”
Western Australia mean dwelling price rose 25.4% in Q1 - ouch.
realestate.com.au/news/aussi…