The highly anticipated issue of shares in the United States capital market was listed on the Nasdaq today. Space Exploration Technologies Corporation, trading symbol SPCX, climbed 19.2 percent on the first day of trading on the Nasdaq Stock Exchange on Friday, with the price closing at US$160.95. Probably the most hyped public share offering of all time, traded as high as US$176.52.
The price opened at US$149.34, and closed at US$160.95, resulting in a market capitalisation of US$1.77 trillion. The stock was priced at $135 each in the initial public offering and traded a total of 512.36 million shares at the close of regular trading. The gain on the first day may be considered modest, considering the heavy hyping of the stock before trading.