Odaily reported, citing Jinshi, that SpaceX (SPCX.O) saw its opening indication on the first day of listing rise 29% above the IPO price. The figure refers to the pre-open reference price displayed before trading begins, showing that the indicated opening level stood above the issue price.
An opening indication is a reference level shown before the start of trading and reflects the price area formed by buy and sell interest at that time. It is not the same as the final execution price. The brief report did not disclose the specific IPO price or other trading details; the central update is that SpaceX (SPCX.O) had a first-day opening indication 29% higher than its IPO price.
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