The $SpaceX(SPCX.US) IPO opened at $150 +11% vs the IPO price of $135 and is now $164 (+21% vs IPO price) and reminds me of the $Meta Platforms(META.US) IPO in May 2012. META’s IPO priced at $38, and it opened at $42 (+11% above the IPO price), and rose to $45 (+18% vs IPO price) soon after opening. Over the course of the first day, META fell to the IPO price of $38 before closing at $38.23 (+0.6% above the IPO price) as underwriters led by MS provided price support to prevent it from falling below the IPO price.
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