Individual investors eager for a piece of SpaceX's mega IPO scrutinized their email inboxes and brokerage accounts on Friday to determine the size of their allocations. While many waited for these notices, other investors went straight to the open market to scoop up shares on the first day.
SpaceX and its underwriters determined to set aside up to 30% of the shares for retail investors. While this is an unusually high number of shares reserved for the public, experts suggest that retail investors are only receiving the crumbs.
Despite these limitations and alarms that the IPO may be overvalued, some retail investors still want in on the offering.