this post was submitted on 20 Jun 2026
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I mean, is it really an IPO if it isn't insanely overpriced when initially offered?
Yeah, I would say it's quite usual to see a big dip right from the start. It's just hamsters for whom buying Space X is their first trade don't know about that
The IPO was $135. Right now the price is at $181
Initially no, they're designed to be under so that it surges after ipo, that makes it look good performance.
Wouldn't they rather it not surge too much though, since in this case, thats billions that was left on the table.
I think it's done so that the price goes up and benefits all the long term share holders.
Well this one's designed to slip quickly into index funds and forced buying, so it makes sense to be high.