BlockBeats report: On June 12, according to public information, the first trades for SpaceX’s IPO will begin several hours after the U.S. market opens; currently, SPCX is still in the order matching and quote negotiation phase. This is why Nasdaq’s indicative opening price for SPCX has been lowered from a high of $175 to $162, and this price continues to fluctuate based on order matching.
Based on historical experience, large IPOs typically begin trading after 12:00 PM Eastern Time.
