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00:02SpaceX is allocating a smaller-than-expected share of its initial public offering to retail
00:07investors, according to CNBC. The company plans to direct a percentage in the low 20s
00:13of the offering to retail buyers, including international individual investors,
00:17online brokerages, and private bank clients. That figure falls below earlier expectations,
00:23that roughly 30% of the deal would be reserved for retail investors.
00:27The allocation decisions are nearly finalized but could still change.
00:32SpaceX is set to begin trading Friday in what is poised to become one of the largest public
00:37offerings in history. The company is expected to be valued at about $1.8 trillion. The reduced
00:44retail allocation reflects strong institutional demand as investors compete for access to the
00:48shares. The retail portion of the SpaceX IPO, though reduced, would still rank among the largest
00:54retail tranches in US IPO history for an offering of this scale. For all things money, visit Benzinga.com.
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