Binance cancels SpaceX IPO campaign as allocation chaos hits
Binance cancels SpaceX IPO campaign as allocation chaos hits
Binance canceled its SpaceX IPO campaign and refunded all participating users after allocation issues disrupted the offering.Bybit also returned 100% of subscription funds, citing xStocks’ failure to deliver the underlying assets.Despite the allocation problems, SpaceX shares surged as much as 20% after debuting on Nasdaq, pushing its valuation above $2 trillion.