# Bài viết Liên quan Lock-up Period

Trung tâm Tin tức HTX cung cấp những bài viết mới nhất và phân tích chuyên sâu về "Lock-up Period", bao gồm xu hướng thị trường, cập nhật dự án, phát triển công nghệ và chính sách quản lý trong ngành tiền kỹ thuật số.

Breaking the Offer Price! SpaceX's Stock Price Falls Below the $135 IPO Price for the First Time, Company Bonds Decline Continuously, Yield Reaches 7.5%, Comparable to Junk Bonds

SpaceX's stock price fell below its $135 IPO price for the first time, trading as low as $132.15 before closing slightly above the offering price. The stock has experienced high volatility typical of new listings, surrendering nearly all its initial 50% surge. Compounding equity pressures, the company's newly issued $25 billion bond due 2056 has also declined in price, pushing its yield to a junk-bond-like 7.5%. Analysts note investor skepticism is growing regarding the costs and distant timeline of SpaceX's xAI and large infrastructure ambitions. A significant 20% of the IPO's $75 billion raise went to retail investors, making the price decline a notable blow to market confidence. Further downside risk looms as lock-up periods for early investors expire soon, potentially triggering significant selling pressure alongside the company's first quarterly earnings report. Initial upward momentum was partly fueled by an estimated $5.4 billion in mandatory buying from index funds after SpaceX's rapid inclusion in major indices like the Nasdaq 100. Despite the current weakness, Wall Street sentiment remains broadly positive. With bank analyst quiet periods ending, over 80% of coverage initiates with a "Buy" rating, and the average price target implies roughly 78% upside from current levels.

链捕手07/16 00:44

Breaking the Offer Price! SpaceX's Stock Price Falls Below the $135 IPO Price for the First Time, Company Bonds Decline Continuously, Yield Reaches 7.5%, Comparable to Junk Bonds

链捕手07/16 00:44

Review of Cathie Wood's Masterstroke Operation on Circle

A Recap of Cathie Wood's Masterful Trading in Circle's IPO This article analyzes the strategic moves made by ARK Invest's Cathie Wood around the IPO of Circle (CRCL). Despite her typical long-term, narrative-driven investment style, Wood executed a textbook "buy low, sell high" trade. Wood secured a core position of approximately 4.49 million shares at the $31 IPO price. The stock debuted at $69, surged to a high of $299 in June 2025 fueled by stablecoin regulatory news (the GENIUS Act), and then entered a prolonged decline. During this rally, ARK systematically sold around 1.7 million shares at an average price near $210, driven partly by internal fund rebalancing rules triggered by the stock's soaring weight. This move locked in substantial profits. As the stock later fell due to lockup expirations, new share issuance, and interest rate concerns—even dipping below $50—Wood began repurchasing shares. Starting in November 2025 around $86, she continued buying on the way down, eventually rebuilding her position to roughly the original size by Q1 2026. Key takeaways include: 1) Having a strong, independent long-term thesis (viewing Circle as critical digital dollar infrastructure). 2) Trading in tranches instead of trying to time exact tops or bottoms. 3) Maintaining strict position-sizing discipline, using rules to force profit-taking and preserve buying power. For most retail investors, chasing the dramatic "pop" at open is dangerous, as the subsequent 83% drawdown showed. Wood's success hinged on pre-IPO access, a clear investment thesis, and disciplined execution.

marsbit05/31 06:29

Review of Cathie Wood's Masterstroke Operation on Circle

marsbit05/31 06:29

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