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Wall Street banks are drawing up plans to curb a post-IPO slump that could have detrimental effects to its valuation.
SpaceX advisers are considering allowing insiders to sell shares before the standard 180-day lockup ends.
KEY POINTS
- A phased share release tied to price and trading volume is being discussed to avoid a post-IPO stock flood.
- SpaceX may initially float less than five percent of its shares, far below typical IPO benchmarks.
- The IPO structure could drip-feed over $1 trillion in stock over time to limit volatility.
- SpaceX is considering allocating up to 30 percent of shares to retail investors, an unconventional move.
COMPANIES
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