|
Retail investors in the UK took part in the initial public offering of Space Exploration Technologies Corp, or SpaceX, via the new ’POP operator’ route. Marex Financial offered access to the record-breaking US IPO as a POP operator, an entity authorised by the UK Financial Conduct Authority to run an electronic system to offer shares to the public. For this, Marex used its Winterflood Retail Access Platform. Elon Musk’s space and AI company offered 555.6 million shares at $135.00, raising $75 billion, the largest ever IPO. This gives SpaceX a starting market capitalisation of $1.75 trillion. Of this, 2.7 million shares were taken up by UK retail investors at a sterling price of £100.65, worth £271.4 million, Marex said on Friday. Investors who applied for up to £2,013 worth of SpaceX shares were allocated in full, while those who applied for more were scaled back. As a result, 61% of investors received their full allocation, Marex said. SpaceX shares begin trading on Nasdaq on Friday under the ticker SPCX. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
