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What is an IPO?
An Initial Public Offering, or IPO, is when a private company first sells shares to the public on a stock exchange. This allows them to raise significant capital for growth and expansion. SpaceX's shares reaching their original IPO price means they've recovered their initial value after their market debut in June.
Stories that explain this
SpaceX shares climb back to around their $135 IPO price ChatGPT advert revenues reach a $1 billion annual pace for maker OpenAI Shein shares to start trading in Hong Kong on 1 SeptemberRelated explainers
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