Nasdaq Just Landed the Largest IPO in History

Corporate Action

โดย The Motley Fool·Read original

Summary · why it matters

SpaceX listed on the Nasdaq exchange, raising $75 billion in its initial public offering, or $85.7 billion including overallotments, with the stock rising nearly 20% on its first day of trading and another 20% on the second day. The IPO is the largest in history and could benefit Nasdaq itself through listing fees, data sales, and licensing fees. Nasdaq’s technology focus likely attracted SpaceX, and other major tech companies like OpenAI and Anthropic may follow suit. The exchange generates annuity-like income streams from ongoing listing fees, trading data demand, and licensing its name for products like the Invesco Nasdaq 100 ETF. Nasdaq is a profitable business with a price-to-earnings ratio slightly below its five-year average, offering a potentially less risky way for investors to gain exposure to the IPO boom.