SpaceX IPO Attracts Several Times Over-Subscription from Institutional Investors on June 9

According to insiders, SpaceX's initial public offering has attracted several times the available shares in subscription demand as of today, June 9. Institutional investors have each subscribed for approximately $10 billion or more in stock, according to reports. The underwriters disclosed that subscription orders have continued to increase since Monday, with allocated shares for institutional investors primarily concentrated among large long-only asset managers.
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