Buzzy tech IPOs are overwhelming retail trading platforms

SpaceX’s initial public offering lived up to expectations , making Elon Musk the world’s first trillionaire and minting more than 4,000 millionaires in an instant as the stock price blew past its asking price and kept rising—up 27% in the first few hours of trading. While the firm sought $75 billion from the public market, there was reportedly more than $250 billion in demand. Jay Ritter, director of the IPO Initiative at the University of Florida’s Warrington College of Business, tells Fast Com