TL;DRSpaceX raised $75 billion in the largest IPO in history, pricing 555.6 million shares at $135 each for a $1.77 trillion valuation. Japanese retail investors bought $2.2 billion of the offering through Mizuho, Rakuten, and SBI.
SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger.
A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the total, purchasing 16.3 million Class A shares, or about 3% of the offering. Japan was one of a handful of countries outside the United States, alongside Australia, Canada, and parts of Europe, where retail buyers had direct access to the shares.
How the Japan tranche worked
Mizuho Financial Group’s US investment banking unit is one of 23 underwriters on the deal. It ran the Japanese allocation through its local brokerage and two online platforms, Rakuten Securities and SBI Securities.
