FP Markets, a global Forex and CFD broker, has expanded its stock offering to include CFDs on Space Exploration Technologies Corp shares. (SPCX). Along with a rich selection of CFDs on existing stocks, this add-on is available for trading instantly via the FP Markets MetaTrader 5 (MT5) and cTrader platforms. Trading SPCX via CFDs with FP Markets provides clients with exposure to post-IPO volatility, the ability to take long and short positions, flexible leverage, and access to institutional trading tools.
SpaceX made its stock market debut on June 12, raising an initial record $75 billion. However, after the underwriters exercised what is known as an allotment option, the final total raised was approximately US$86 billion – the largest IPO in history. While SPCX stock was initially priced at $135 per share, demand pushed its stock price to $150 at the open and topped $200 shortly after on June 16 before collapsing to test pre-IPO levels.
Large IPOs tend to experience a decline in their value in their first year of trading. This has been seen in companies like Meta Platforms (META), which declined in its first year before rising. Thus, while SPCX stock could exceed its IPO level, bulls may step in, consistent with historical norms.
John Lewis, Chief Marketing Officer at FP Markets, expressed his enthusiasm for the new offering, saying: “With continued momentum in AI trading and global equity indices near all-time highs, the demand for high-growth technology companies is unprecedented. The addition of SPCX to the CFD offering underscores our commitment to providing investors with flexibility and the opportunity to trade stocks that are widely monitored on our wide range of world-class trading platforms.”
Media Contact: John Lewis (Chief Marketing Officer) – j.lewis@fpmarkets.com
About FP Markets:
FP Markets is an award-winning, multi-regulated global brokerage founded in Sydney, Australia in 2005. The broker offers over 10,000 CFD instruments across seven asset classes, available on industry-leading platforms including MetaTrader 4/5, TradingView and cTrader.
FP Markets’ regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) of Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.
For more information, visit www.fpmarkets.com
FP Markets, a global Forex and CFD broker, has expanded its stock offering to include CFDs on Space Exploration Technologies Corp shares. (SPCX). Along with a rich selection of CFDs on existing stocks, this add-on is available for trading instantly via the FP Markets MetaTrader 5 (MT5) and cTrader platforms. Trading SPCX via CFDs with FP Markets provides clients with exposure to post-IPO volatility, the ability to take long and short positions, flexible leverage, and access to institutional trading tools.
SpaceX made its stock market debut on June 12, raising an initial record $75 billion. However, after the underwriters exercised what is known as an allotment option, the final total raised was approximately US$86 billion – the largest IPO in history. While SPCX stock was initially priced at $135 per share, demand pushed its stock price to $150 at the open and topped $200 shortly after on June 16 before collapsing to test pre-IPO levels.
Large IPOs tend to experience a decline in their value in their first year of trading. This has been seen in companies like Meta Platforms (META), which declined in its first year before rising. Thus, while SPCX stock could exceed its IPO level, bulls may step in, consistent with historical norms.
John Lewis, Chief Marketing Officer at FP Markets, expressed his enthusiasm for the new offering, saying: “With continued momentum in AI trading and global equity indices near all-time highs, the demand for high-growth technology companies is unprecedented. The addition of SPCX to the CFD offering underscores our commitment to providing investors with flexibility and the opportunity to trade stocks that are widely monitored on our wide range of world-class trading platforms.”
Media Contact: John Lewis (Chief Marketing Officer) – j.lewis@fpmarkets.com
About FP Markets:
FP Markets is an award-winning, multi-regulated global brokerage founded in Sydney, Australia in 2005. The broker offers over 10,000 CFD instruments across seven asset classes, available on industry-leading platforms including MetaTrader 4/5, TradingView and cTrader.
FP Markets’ regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) of Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.
For more information, visit www.fpmarkets.com
