The epic success rate of IPOs in the US stock market is rising! SpaceX reveals IPO details: intends to allocate a large portion of shares to retail investors

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Zhitong Finance APP learned from two people familiar with the matter that on Monday evening, SpaceX held a meeting with a team of bankers, providing a detailed introduction of the highly anticipated IPO plan, and said that it plans to allocate a large portion of the shares to retail investors, and will hold an event in June, when an activity will be held after the IPO roadshow is launched, with 1,500 retail investors participating.

Two people familiar with the matter said Chief Financial Officer Bret Johnsen, in a video meeting, stated: “The retail channel will be a key component of this IPO, and its scale will exceed any IPO in history.”

Johnsen said such a large retail share has been carefully designed because “retail customers have long provided us and Elon Musk with tremendous support, and we want to make sure we can express our gratitude to them.”

Last month it was reported that SpaceX is seeking to rewrite the traditional IPO model through the massive retail share in this IPO.

People familiar with the matter said SpaceX plans to publicly file its IPO prospectus at the end of May, and then launch the formal roadshow during the week of June 8. Before the roadshow begins, SpaceX expects to convene about 125 analysts from the underwriting syndicate to prepare for promotion, marking the start of a highly coordinated global marketing campaign.

This meeting was SpaceX’s first time convening all underwriters, as part of its IPO process. SpaceX’s IPO is expected to be the largest in history. The rocket manufacturer plans to raise $75 billion, with a valuation that could be as high as $1.75 trillion.

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