Most major IPOs trail S&P 500 ahead of SpaceX debut
Analysis shows three quarters of major IPOs over the last five years trailed the S&P 500. SpaceX targets a record valuation for its June U.S. market debut.
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SpaceX is preparing for a June 11 IPO that could target a $1.75 trillion valuation. A Reuters analysis of the 50 largest public debuts since 2021 shows that 75% of these high-valuation companies underperformed the broad market. For investors, the data suggests that massive private valuations rarely translate into immediate public market gains.
