Svmuu reported that the frenzy surrounding SpaceX stock has already begun on Friday. The stock's opening price is expected to be around $171 per share, up about 27% from the IPO pricing of $135. As exchanges need to collect buy and sell orders and underwriters delay the trading until supply and demand are balanced, the stock trading is not expected to begin until the middle of the trading day.
Samuel Kerr, head of global equity capital markets at Mergermarket, said: "Given the intensity of this trading event, we expect SpaceX shares to spike immediately upon opening, possibly by more than 20%. If the increase falls below that level, I would actually be uneasy." (Jin Shi)