Haha this is awesome. Elon agreed to the "greenshoe" IPO option but only if the bankers and team all wore actual green shoes 😂🔥
(A "greenshoe" is a standard IPO provision that allows underwriters to sell up to ~15% more shares than originally planned if demand is strong, helping stabilize the stock price in early trading.)
Steve Jurvetson (@FutureJurvetson)
And thank you to the Morgan Stanley trading crew in “Mission Control” sculpting the debut of $SPCX today.
Here is the moment of first trade.
P.S. Elon finally agreed to the IPO greenshoe options… but only if the bankers all wore green shoes. 👟
—> Mementos for all.
Video
— https://nitter.net/FutureJurvetson/status/2065526675983470631#m