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Stock impact report

SpaceX IPO Plan Puts $2.9 Trillion of Listings Back On the Table [Yahoo! Finance Canada]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
The prospect of a SpaceX IPO, preparing the ground for so-called centicorns valued privately at $100 billion or more, raises a dangerous question for all involved: How eager will stock investors be to embrace companies with controversial leaders, little or no profits and private-market valuations so swollen that they'll dwarf every company that has previously made its debut on a US exchange? Most Read from Bloomberg Short answer: Very. “The median market cap of an S&P 500 company is close to $40 billion; this is a completely different stratosphere,” said Paul Abrahimzadeh, a partner at 1789 Capital and a former co-head of equity capital markets for North America at Citigroup Inc. “A company like SpaceX will clearly cater to a wide swath of institutional investors — as well as retail — and is a must-own name.” IPOs have been more or less stuck in a rut since a record $492 billion year in 2021, and companies like SpaceX, Stripe and ByteDance that once would have been candidates Show less Read more
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