SpaceX set for historic Friday debut — ride the retail stampede
SpaceSpace just completed the largest IPO in history, raising $75 billion, and is set to begin trading on the Nasdaq on Friday. Investor demand is absolutely massive, with everyday traders putting in over $70 billion in orders alone.
Idea
When hugely anticipated companies go public, the massive wave of excitement from investors who couldn't buy before often drives the stock price up on the first day of trading. With retail investors ordering $70 billion worth of shares and institutional giants like BlackRock trying to buy in, there is an extreme imbalance of demand over available shares. This 'stampede' of buyers stuck on the outside looking in creates a strong upward push as they scramble to get a piece of the company once the bell rings. Buying shortly after the market opens allows you to ride this initial wave of enthusiasm.