if this ends up badly I would not be surprised to see exchanges start enforcing minimum float requirements on large cap IPO's.
for ref, $SPCX is 4-5% shares tradeable, just tapped $3T fully diluted in overnight session ($135B tradeable).
10-20% float is common for other largecaps IPOs though it has been shrinking more recently.
all of this going into options becoming available tomorrow, giving insiders the opportunity to properly hedge/retail to pile into far otm calls. weird times!
for ref, $SPCX is 4-5% shares tradeable, just tapped $3T fully diluted in overnight session ($135B tradeable).
10-20% float is common for other largecaps IPOs though it has been shrinking more recently.
all of this going into options becoming available tomorrow, giving insiders the opportunity to properly hedge/retail to pile into far otm calls. weird times!