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SpaceX IPO stock slips after lockup-era volatility
Six months after lockup, Alliance Bernstein data shows the median IPO return for deals raising at least $50 million fell about 10%.
SpaceX IPO shares have been marked by sharp swings since debut, including a pullback that took the stock down more than 30% from its all-time high, according to analysis by Yahoo Finance.
Yahoo Finance notes that after opening around $150 and briefly climbing above $160, SpaceX shares reached about $192.50 within the first week, then later fell back below its market debut price more than once.
The article also cites Alliance Bernstein’s review of IPOs that raised $50 million or more over the past 10 years, finding that six months after lockup the median return was a 10% decline, and that one in 10 IPO stocks dropped by at least 62% after traditional lock-up expirations.
With that backdrop, Yahoo Finance frames the issue for investors as planning for volatility, including steps like keeping position size from overwhelming a portfolio and using rebalancing or stop-loss style orders rather than reacting to day-to-day price moves.