SpaceX gave every eligible US retail bidder at least 1 IPO share
What's new: Robinhood filled 855,424 requests as SpaceX's stock closed its second trading day up 43% from the $135 offer price.
SpaceX allocated at least one IPO share to every eligible customer who placed an order through major US retail brokerages, an unusually broad distribution for a blockbuster listing. Robinhood, Charles Schwab, Fidelity Investments and SoFi Technologies all told customers they received stock, even though demand for the deal topped $100 billion. Robinhood said all 855,424 users who requested shares through IPO Access got an allocation. Bloomberg has reported that SpaceX set aside about 20% of the offering for retail investors worldwide. The stock ended Monday, its second day of trading, up 43% from its $135 IPO price, valuing the company at about $2.5 trillion. Outside the US, Japanese investors bought 16.3 million shares for $2.2 billion, while Mirae Asset Securities in South Korea got no retail allocation.