SpaceX’s initial public offering saw massive retail investor interest. A substantial 30% of shares were set aside for individual buyers. Many investors eagerly bought shares on the first day, contributing to a 19% price surge. Brokerages reported record participation. Some investors received fewer shares than requested, while others bought directly in the market.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain