SpaceX's Record $75 Billion IPO Lands in September and Hong Kong's $7 Trillion Market Is the First Place That Has to Defend Itself
HONG KONG, June 14 -- SpaceX has set the price range and the timing for its long-anticipated Nasdaq listing, with a deal size of 75 billion dollars at the midpoint that confirms it as the largest single equity issuance in market history, and the immediate cross-market consequence is that Hong Kong's 7 trillion dollar equity market, the third-largest in Asia-Pacific behind mainland China and Japan, becomes the most exposed venue for the liquidity-drain effects that the SpaceX listing is expected to produce through the second half of 2026. The Hang Seng Tech Index has already fallen more than 2 percent on the cumulative pre-positioning trade, the China Star Market 50 has tumbled nearly 4 percent on the same dynamic, and the third-quarter lo...
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