Franklin Templeton to Participate in SpaceX IPO
Franklin Templeton announced it will participate in SpaceX's initial public offering scheduled for Friday, with CEO Jenny Johnson confirming the decision on CNBC. The asset manager, which oversees $1.7 trillion, already has exposure to SpaceX through its growth equity funds and will add to that position in the IPO. SpaceX is targeting a $1.8 trillion valuation and has attracted over $250 billion in investor demand, making it potentially the largest IPO ever.
Franklin Templeton announced its participation in SpaceX's highly anticipated initial public offering, with CEO Jenny Johnson confirming the news during a CNBC interview on Wednesday. The San Mateo-based asset manager, which manages nearly $1.7 trillion in assets, stated that clients had been inquiring about its involvement in the IPO. Johnson noted that Franklin Templeton already has existing exposure to SpaceX through its growth equity funds, which have been investing in late-stage private companies for over a decade. SpaceX is currently seeking to raise $75 billion at a valuation of approximately $1.8 trillion, with the IPO scheduled for Friday. The offering has generated exceptional investor interest, drawing more than $250 billion in demand, positioning it to become the largest IPO on record.
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Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC
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Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC
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