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SpaceX IPO to Reshape Wall Street Norms: Retail Investor Quota Triple Usual, Investor Meetings Post-Easter

According to 1M AI News monitoring, SpaceX is notifying potential IPO investors that investor briefings (testing-the-waters meetings) hosted by company executives are expected to launch in April, after the Easter holiday. The company is also reportedly filing for its IPO confidentially as early as this month. This IPO could raise up to $75 billion, with a valuation potentially reaching $1.75 trillion, aiming to surpass Saudi Aramco's record of approximately $29 billion in 2019 and become the largest IPO in history. In terms of allocation structure, Elon Musk is considering allocating up to 30% of the shares to retail investors, at least triple the usual allocation of 5% to 10%. SpaceX CFO Bret Johnsen has communicated this plan to Wall Street. Musk's strategy is to rely on a loyal base of individual investors to stabilize the stock price after listing and reduce short-selling behavior. SpaceX has also assigned 'lane' roles to various underwriting banks, categorized by client group and region, rather than allowing free competition: 1. Bank of America: Responsible for U.S. high-net-worth individuals and family offices. 2. Morgan Stanley: Serving small and medium retail investors through its E*Trade platform. 3. UBS: Responsible for international high-net-worth investors. 4. Citi: Coordinating international retail and institutional distribution. 5. Mizuho, Barclays, Deutsche Bank, and Royal Bank of Canada will cover the Japanese, UK, German, and Canadian markets respectively. The final size and timeline of the IPO have not yet been determined.

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