Global Stock News

Major crypto exchanges cancel SpaceX IPO allocations, promising refunds — TradingView News

Major crypto exchanges cancel SpaceX IPO allocations, promising refunds — TradingView News

Crypto trading platforms ByBit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns and offered refunds for users as SpaceX went public on the Nasdaq on Friday.

SpaceX’s IPO, which was reported as more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150 on Friday, up from its IPO price of $135. It closed the day at $161.11, valuing the company at over $2 trillion.

However, major crypto platforms offering tokenized access to the IPO were unable to fulfill demand for SpaceX allocations, with several blaming Kraken-owned xStocks’ inability to deliver the underlying assets.

ByBit, which was offering tokenized access to SpaceX through…

Source link

Share this article

Scroll to Top