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Said 2026-06-05 · deadline 2026-06-12Correct
“To be clear, I have always argued the $SPCX I-bankers would engineer a Day 1 pop on the $SPCX IPO. Given the heavy involvement of $GS, $MS, and now $JPM, there is no question there will be excess demand at the $135/share IPO price which could still be increased. As we know from past IPOs a strong day 1 pop doesn’t always translate to strong year 1 returns. But If your broker can get you some IPO shares, I would take them.”
What happened: SPCX closed $160.95 vs $135.00 final offer (+19.22%) on day one.