SpaceYahoo Finance4 days ago
SpaceX IPO faces Facebook IPO lesson
1 min read
SpaceX is set to debut on the Nasdaq on Friday at a $1.75 trillion valuation, raising $75 billion. The author warns that Facebook's 2012 IPO fell 54% peak to trough and finished its first year down 32%. Truist's Keith Lerner found 30 major IPOs averaged 9% declines at six and twelve months.
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