Marex Financial, which managed the UK retail offering for SpaceX’s record-breaking IPO, has confirmed that more than 60% of UK investors who applied for shares have received their full allocation.
According to Marex, investors who applied for up to $2,700 (approximately £2,013) worth of shares were allocated their requested amount in full, rounded down to the nearest whole share.
However, demand for the offering was sufficiently strong that larger applications were scaled back. Investors applying for more than $2,700 worth of shares were subject to allocation limits, with a maximum of 1,000 shares awarded to any individual investor.
As a result, 61% of participants in the UK retail offer received their full requested allocation, while larger investors received reduced allocations due to the level of demand.
The allocation figures highlight the significant retail interest generated by SpaceX’s market debut, which has become one of the largest IPOs ever undertaken.
Strong demand from both institutional and retail investors reflects continued enthusiasm for Elon Musk’s space and satellite business despite its already substantial valuation.
