Illustration of SpaceX IPO issues with tokenized stocks, showing rocket and broken digital tokens on trading screens.
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SpaceX IPO exposes limits of tokenized stock access

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Crypto platforms faced allocation shortfalls during SpaceX's IPO last week, leading several exchanges to cancel tokenized offerings and issue refunds. The episode revealed differences between various tokenized products and their ability to deliver actual shares.

More than a dozen companies are preparing to raise around ₹45,000 crore through initial public offerings in July. The offerings are expected to mark a strong return for India's primary market after a quieter period.

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Mukesh Ambani's Reliance Group could soon rank among India's largest companies by market value following the Jio Platforms IPO. The move is expected to give the group nearly 7% of BSE's total market capitalization.

SpaceX has priced its shares at $135 each in the largest initial public offering ever, raising $75 billion and setting a fully diluted valuation near $1.8 trillion. The stock is set to begin trading on Nasdaq on Friday under the ticker SPCX.

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SpaceX has attracted $250 billion in investor interest for its planned initial public offering, making the deal nearly four times oversubscribed. The company set a fixed price of $135 per share, valuing it at around $1.8 trillion.

Payward, the parent of crypto exchange Kraken, announced plans to let retail investors participate in U.S. IPOs at the offering price using tokenized shares.

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Spices manufacturer Pushp Brand is preparing to file draft papers for an initial public offering of more than Rs 1,000 crore. The Indore-based company known for its Pushp Masale brand intends a mix of fresh shares and an offer for sale. ICICI Securities and IIFL Capital Services are set to handle the issue.

 

 

 

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