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The Independent UK
The Independent UK
National
Stan Choe

What is an IPO? Key phrases to know before clicking ‘buy’ on SpaceX stock

Elon Musk’s SpaceX is preparing for a record-breaking U.S. stock market debut and the rocket company is steering a significant portion of its initial public offering, or IPO, directly toward "retail" investors.

The unusual move means people managing stock purchases through personal brokerage accounts, rather than large institutional funds, will play a big role in what may be the biggest IPO ever.

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