SpaceX raises $2.2 billion in Japan slice of record-breaking IPO

SpaceX raised $2.2 billion from Japanese investors, according to a regulatory filing on Friday, as part of the world’s largest-ever initial public offering.

Elon Musk’s rocket, satellite and artificial intelligence conglomerate reserved 16.3 million of Class A shares for the offering in the country, or about 3% of the total. That made it the biggest first-time share sale in Japan since JX Advanced Metals Corp.’s IPO last year. The company aimed to raise $2 billion to $2.5 billion from Japanese investors, it said in a local filing last week.

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Japan was the only country in Asia, along with Australia, Canada and parts of Europe, where retail buyers had direct access to the offering. The Japanese portion was run by Mizuho Financial Group Inc., whose US investment banking unit is one of the 23 underwriters. Mizuho handled investor orders through its local brokerage as well as online brokers Rakuten Securities Inc. and SBI Securities Co.

SpaceX raised $75 billion in the IPO globally, pricing 555.6 million shares at $135 each. The IPO was said to be more than four times oversubscribed.