SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech
Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts.
Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts.
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SpaceX’s initial public offering has attracted institutional orders for multiple times the available shares, according to people familiar with the matter. Multiple investors have individually placed orders of $10 billion or more. Banks leading the deal told investors on Tuesday that demand incr...