A source claims that the rocket development and satellite communication company plans to sell 555.6 million shares. Two other sources said the company aims to be valued at 1.75 trillion US dollars.
Read more Court: The EU must lift strict restrictions on the «Facebook Marketplace» platform
Fixing the price before presentations to investors and order collection is very unusual. Companies planning an IPO usually set a price range to define valuation expectations and allow price adjustments based on investor demand. High demand can raise the final price to the upper limit or even exceed it before the stock market debut.
SpaceX begins its plan presentation tour on Thursday. Earlier, the company held several meetings with investors to “test the waters”.
Read more URM: For the sixth consecutive year, more citizens returned to Lithuania than left it
Sources warn that the company’s plans, including the amount of funds to be raised, may change once meetings with investors begin.
Read more Ignas Sargiūnas – about more than the team «Rytas», long hair and Eurovision
