SpaceX trading is about to launch, with the opening price expected to surge over 25%

Odaily reported that the frenzy surrounding SpaceX stock kicked off on Friday. Data shows the stock is expected to open at around $171 per share, up approximately 27% from the IPO price of $135. Since exchanges need to collect buy and sell orders and underwriters delay trading until supply and demand balance, stock trading is expected to begin in the middle of the trading day.

Samuel Kerr, global head of equity capital markets at Mergermarket, said, "Given the hype around this offering, we expect SpaceX to open with an immediate surge, possibly exceeding 20%. In fact, I would be uneasy if the gain falls below that level." (Jinshi)