Missed SpaceX Underwriting Becomes Unique Boon: JPMorgan or Wall Street’s Biggest Independent Short Sale Channel
BlockBeats News, June 3rd, when SpaceX announced its IPO underwriters, JPMorgan was not among them. However, bearish investors and some senior executives at JPMorgan see this as a rare opportunity. Insiders revealed that hedge funds that did not invest in SpaceX are reaching out to JPMorgan to inquire about the possibility of shorting SpaceX after its market debut. As the largest U.S. investment bank that did not participate in SpaceX's IPO, JPMorgan is now in a unique favorable position to arrange these trades. A total of 23 banks are involved in the SpaceX IPO, covering most of Wall Street's giants.
The SpaceX IPO is expected to take place on June 12th, with the stock symbol SPCX. SpaceX announced today that it plans to set the initial public offering (IPO) price at $135 per share, with approximately 5.556 billion shares to be issued, raising as much as $75 billion, corresponding to a company valuation of around $1.75 trillion. If successful, it will be one of the largest IPO projects in global capital market history.
Currently on trade.xyz, the SPCX Pre-IPO price is reported at $189, corresponding to a post-listing valuation of $2.25 trillion, a 28.5% premium over the IPO price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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