00:00It's Benzinga, bringing Wall Street to Main Street.
00:03SpaceX's IPO drew intense retail investor demand on its first day of trading,
00:07with shares surging 19%, according to Reuters.
00:11SpaceX and its underwriters set aside up to 30% of public shares for retail investors,
00:17the largest such retail allocation seen on Wall Street in decades, according to one investment
00:21strategist. Net retail buying of SpaceX shares totaled $453 million on Friday,
00:28accounting for about 4% of all single-stock retail turnover and running at 3.5 times the
00:34pace of runner-up NVIDIA. SoFi called it the largest and most subscribed offering on its
00:38platform to date. Vonda Research reported SpaceX shares reached first place among most actively
00:44purchased stocks by retail investors by mid-afternoon. Some retail investors received
00:49smaller allocations than requested. For all things money, visit Benzinga.com.
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