One of the most anticipated IPOs of the year is here. SpaceX is scheduled to begin its public offering on June 12 at an IPO price of $135 per share. The offering gives the company a market capitalization of about $1.77 trillion, making it one of the world’s largest listed companies.
Coinpedia stories have been told that the IPO attracted more than $250 billion in subscriptions, while only 75 billion shares were outstanding. Make this four times over.
If you applied for SpaceX IPO shares, here’s how to track and confirm your allocation.
How to Monitor and Verify Your SpaceX IPO Distribution
Most of them brokerages will send an email or account notification indicating whether your IPO application has been accepted, partially filled, or rejected.
Step 1: Confirm your IPO Order
Before the stock goes on sale, log into your account and view the Activity & Orders section. If you have already submitted an Expression of Interest (IOI), you will usually need to confirm that you still want to buy the shares.
For example, if you requested 100 shares, your broker may ask you to confirm the request before the last share is processed.
Meanwhile, failure to confirm before the deadline may result in your application being terminated.
Step 2: Check Your Account on IPO Day
On the morning of the IPO, log into your trading account and visit the Portfolio, History, or Activity & Orders section.
If shares have been assigned to you, they should appear in your account before or immediately after trading.
Step 3: Expect Partial Distributions
Due to high demand, many investors may receive fewer shares than they need. Some may not receive any share.
Your return will inform you of the final number of shares you have received.
Investors May Receive Less Shares Than Expected
This is because the demand for SpaceX shares exceeded the available, and the IPO is said to have been subscribed about four times before the market.
According to latest articles, SpaceX is offering approximately 555.5 million Class A shares in the public offering, which represents approximately 4.25% of the company’s outstanding shares.
Reports indicate that only about 30% of the IPO portion is reserved for retail investors, while the remaining 70% is expected to go to institutional buyers such as mutual funds, hedge funds, and pension managers.
Missed the IPO? You Can Still Buy SpaceX
If you miss the IPO session, you can still buy shares of SpaceX when it goes public.
Once listed, the stock can be bought and sold through a regular brokerage account like any other public company.
- Just log in to your brokerage account
- Search for SpaceX stock
- Choose the number of shares you want to buy.
- Place your order, and complete the sale like any other public sale.
However, investors should prepare for high volatility. SpaceX futures traded on the crypto exchange have recently risen above the IPO price, which is trading at $165.
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