UK retail platforms have revealed plans to offer clients the chance to participate in the IPO of Elon Musk’s SpaceX, the first overseas listing directly available to the UK retail market.
As much as a quarter of the company's $75bn listing could be reserved for individual investors, with founder Musk aiming to prioritise small shareholders as a large part of the company's investor base, according to the FT. If successful, it would represent the largest retail allocation ever by a mega-cap IPO. On Thursday (4 June), Hargreaves Lansdown (HL) revealed it would offer free participation in the SpaceX IPO, reportedly set for 12 June, meaning clients would not have to pay any dealing charges – the same as for UK IPOs – or foreign exchange charges. HL clients will be able t...
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