Synopsis
SpaceX's blockbuster initial public offering has ignited significant interest among Indian investors in US stocks, with trading volumes on platforms like Vested Finance and IndMoney surging by 20-25%. SpaceX raised $75 billion in its IPO at a valuation of over $1.7 trillion.Listen to this article in summarized format
More than a fifth of the trading volumes since SpaceX’s listing on Friday were for buying shares of Musk’s rocket company, platforms such as Vested Finance and IndMoney said.
“About 20% of trading volumes yesterday was just SpaceX, even though it listed mid-way into the US markets,” Nikhil Behl, chief executive officer, stocks, at IndMoney, said on Sunday. The participation was broad-based across both new and existing investors, he added.
