Space X drops below $135 IPO price for first time
On July 15, local time, SpaceX's intraday share price fell 2.9% to US$132.15, falling below the issue price of US$135 per share. This was the first time it fell below the issue price since its listing. As of the close of the U.S. stock market, the company's stock price rose 0.60% to US$135.27; the stock price rose 0.46% to US$135.88 after the market closed that day. Previously, as the IPO quiet period ended, a number of Wall Street investment banks involved in underwriting SpaceX's initial public offering (IPO) started covering it.
On July 15, local time, SpaceX's intraday share price fell 2.9% to US$132.15, falling below the issue price of US$135 per share. This was the first time it fell below the issue price since its listing. As of the close of the U.S. stock market, the company's stock price rose 0.60% to US$135.27; the stock price rose 0.46% to US$135.88 after the market closed that day. Previously, as the IPO quiet period ended, a number of Wall Street investment banks involved in underwriting SpaceX's initial public offering (IPO) started covering it. The summary shows that at least 6 brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a "buy" or equivalent rating and are optimistic about the company's long-term growth prospects. Among them, Morgan Stanley gave a target price of $300. (