Let me break it down for everyone. Today, SpaceX officially listed on NASDAQ, ticker $SPCX , making it the largest IPO in history—556 million shares at $135 each, raising $75 billion with a valuation of $1.77 trillion. Right off the bat, it's now the seventh largest company in US stocks, even surpassing Tesla. The issue lies in the new listing side: the global demand is just insane, with total subscriptions exceeding $250 billion, more than three times oversubscribed. However, the IPO allocation is at the discretion of the underwriters, not something the platform can control—this time, the underwriters provided severely insufficient Pre-IPO allocations on-chain, leading to issues with xStocks' supply, and all exchanges faced shortages during the new listing, resulting in basically zero fills: orders went unfilled and the subscription funds were returned in full.
Regarding refunds, make sure to check your accounts: this is a full, zero-fee refund, not just for the unfilled portions but for the entire amount, and #币安 has already been refunded, so cross-check your received amounts.
There's also something very important that’s easily overlooked—if you hedged for this new listing (like opening a short elsewhere), and now you didn’t get a single share, your hedge goes from "hedged" to a 100% naked position, which is a one-sided risk. You must check and close those positions immediately; don’t let your hedge turn against you.
Honestly, I’m quite disappointed with this outcome myself. The demand before listing was through the roof, expectations were sky-high, and I thought I’d get a decent share, but in the end, I didn’t get anything. That’s the nature of new listings: the crazier the demand, the scarcer the allocations. This serves as a wake-up call for everyone—whether you can get the goods has never been about the platform but rather on that allocation sheet in the hands of the underwriters.
#SpaceX史上最大IPO上市 #SpaceX750亿美元上市 #xStocks
Regarding refunds, make sure to check your accounts: this is a full, zero-fee refund, not just for the unfilled portions but for the entire amount, and #币安 has already been refunded, so cross-check your received amounts.
There's also something very important that’s easily overlooked—if you hedged for this new listing (like opening a short elsewhere), and now you didn’t get a single share, your hedge goes from "hedged" to a 100% naked position, which is a one-sided risk. You must check and close those positions immediately; don’t let your hedge turn against you.
Honestly, I’m quite disappointed with this outcome myself. The demand before listing was through the roof, expectations were sky-high, and I thought I’d get a decent share, but in the end, I didn’t get anything. That’s the nature of new listings: the crazier the demand, the scarcer the allocations. This serves as a wake-up call for everyone—whether you can get the goods has never been about the platform but rather on that allocation sheet in the hands of the underwriters.
#SpaceX史上最大IPO上市 #SpaceX750亿美元上市 #xStocks