Morgan Stanley’s E*Trade is reportedly in talks to lead SpaceX’s upcoming IPO share sales to everyday U.S. investors, potentially sidelining rivals Robinhood and SoFi. This move would allow E*Trade to capture a significant portion of retail allocations, a strategy Morgan Stanley has employed before. SpaceX is considering reserving up to 30% of shares for retail investors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets