🤯 Crypto enthusiasts are bullish on tomorrow's Space X IPO
🚀 In true industry fashion, the moon boys are hyped for tomorrow's listing $SPCX , having already pumped the futures on Binance up to $165 per share, while the official IPO price is set at $135. This means traders are anticipating an opening at least 20% above the placement price.
On the flip side, more conservative analysts believe the fair value of $SPCX is around $63 📉
This crazy hype is not only due to it being the largest IPO in history but also because Musk allocated a record 30% for retail investors. To give you an idea of the generosity: in typical large listings, retail investors usually only get a modest 5–10% allocation.
Tomorrow is definitely shaping up to be an interesting day that could suck liquidity from all markets, and I'm curious to hear your thoughts: what are we really expecting from tomorrow's listing?
#CryptoNews #SpaceX
🚀 In true industry fashion, the moon boys are hyped for tomorrow's listing $SPCX , having already pumped the futures on Binance up to $165 per share, while the official IPO price is set at $135. This means traders are anticipating an opening at least 20% above the placement price.
On the flip side, more conservative analysts believe the fair value of $SPCX is around $63 📉
This crazy hype is not only due to it being the largest IPO in history but also because Musk allocated a record 30% for retail investors. To give you an idea of the generosity: in typical large listings, retail investors usually only get a modest 5–10% allocation.
Tomorrow is definitely shaping up to be an interesting day that could suck liquidity from all markets, and I'm curious to hear your thoughts: what are we really expecting from tomorrow's listing?
#CryptoNews #SpaceX