SpaceX IPO targeted at index funds, retail investors
New rules from index providers will accelerate SpaceX's inclusion in sharemarket indexes as fund manager says the offer ‘feels like 1987’.
SpaceX is seeking to raise a record US$75b at IPO.
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As share trading firms Sharesies and Syndex invite wholesale investors to register their interest in the gigantic SpaceX float, fund manager Harbour has warned freshly rewritten index rules could drive unprecedented activity from passive funds.
Formally known as Space Exploration Technologies Corp,
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