Customers at some of the largest retail brokerage firms in the US each received at least a single share in SpaceX’s $86.2 billion IPO, underscoring how the offering was designed to give individual investors a sizable role.
All eligible customers putting in requests for shares with platforms run by Robinhood Markets Inc., Charles Schwab Corp., Fidelity Investments, SoFi Technologies Inc. and Morgan Stanley’s E*TRADE were allocated some stock, according to the firms’ respective representatives.
SpaceX ended up allocating about 20% of its initial public offering to retail investors globally, Bloomberg News reported. Demand for the ...
