The Space Exploration Technologies Corp’s (NASDAQ:SPCX) historic IPO that resulted in the company raising close to $86 billion has sparked considerable buzz, but also concerns from various experts.
In conversation with Natalia Renta, the Associate Director of Corporate Governance and Power at Americans For Financial Reform, Benzinga asked her what she thought of the Elon Musk-led company’s blockbuster public debut and this is what she had to say.
SpaceX IPO Is The Perfect Illustration Of Pro-Insider Policies
Renta expressed that she was "very concerned" about the SpaceX IPO, which was the perfect representation of a trend in the financial markets of being increasingly in favor of "corporate insiders" and against the interests of "regular shareholders."
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