this post was submitted on 20 Jun 2026
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105
The average SpaceX buyer post-IPO is almost under water after two-day slide (www.cnbc.com)
submitted 4 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] thejml@sh.itjust.works 23 points 3 hours ago (2 children)

I mean, is it really an IPO if it isn't insanely overpriced when initially offered?

[–] Einskjaldi@lemmy.world 4 points 2 hours ago (1 children)

Initially no, they're designed to be under so that it surges after ipo, that makes it look good performance.

[–] Serinus@lemmy.world 2 points 1 hour ago

Well this one's designed to slip quickly into index funds and forced buying, so it makes sense to be high.

[–] toofpic@lemmy.world 8 points 3 hours ago

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