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Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say
Key takeaways
- The majority of the demand came from retail investors, added the sources, who declined to be identified as they were not authorized to speak publicly about the IPO.
- Japanese investors ultimately received $2.2 billion worth of shares, a filing showed on Friday.
- The oversubscription rate was roughly in line with global demand for Elon Musk’s rocket and satellite communications company, which raised $75 billion in the world’s largest-ever public listing.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Japanese investors were willing to subscribe for more than 1 trillion yen ($6.2 billion) of shares in Space X’s record-breaking IPO, two sources familiar with the offering said.
The majority of the demand came from retail investors, added the sources, who declined to be identified as they were not authorized to speak publicly about the IPO.
Japanese investors ultimately received $2.2 billion worth of shares, a filing showed on Friday.
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