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JP Morgan’s CEO is to pitch SpaceX to his bank’s ultra-rich clients.
Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients this week, according to Bloomberg, qho report:
Dimon will host a “live interactive discussion” Thursday from JPMorgan’s headquarters, according to invitations seen by Bloomberg.
He will be joined by Mary Callahan Erdoes, the CEO of the bank’s asset and wealth management division, and a pair of SpaceX executives: President Gwynne Shotwell and Chief Financial Officer Bret Johnsen.
In what looks set to be one of the most hotly anticipated IPOs in years, SpaceX is set to blast off on 12th June as it looks to raise up to $75bn from investors at $135 a share, which would value the company at an eye-popping $1.75trn.
This eye watering valuation looks set to see the business included in the Nasdaq with many questioning how anyone can justify such a stratospheric valuation at this level of fixed price, even before the book building process has started.
Continue reading…Rolling coverage of the latest economic and financial newsJP Morgan’s CEO is to pitch SpaceX to his bank’s ultra-rich clients.Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients this week, according to Bloomberg, qho report:Dimon will host a “live interactive discussion” Thursday from JPMorgan’s headquarters, according to invitations seen by Bloomberg.He will be joined by Mary Callahan Erdoes, the CEO of the bank’s asset and wealth management division, and a pair of SpaceX executives: President Gwynne Shotwell and Chief Financial Officer Bret Johnsen.In what looks set to be one of the most hotly anticipated IPOs in years, SpaceX is set to blast off on 12th June as it looks to raise up to $75bn from investors at $135 a share, which would value the company at an eye-popping $1.75trn.This eye watering valuation looks set to see the business included in the Nasdaq with many questioning how anyone can justify such a stratospheric valuation at this level of fixed price, even before the book building process has started. Continue reading…