Pre-IPO price discovery has historically been concentrated among institutional and private-market participants. According to McKinsey's Global Private Markets Report 2026, private capital continues to be a significant part of global markets.1.

SpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it is seeking to raise, said two people…

Pre-IPO price discovery has historically been concentrated among institutional and private-market participants. According to McKinsey's Global Private Markets Report 2026, private…