Buzzy tech IPOs are overwhelming retail trading platforms (opens in new tab)

SpaceX’s initial public offering , making Elon Musk the world’s first trillionaire and minting more than 4,000 millionaires in an instant as the stock price blew past its asking price and kept rising—up 27% in the first few hours of trading. While the firm sought $75 billion from the public market, there was reportedly in demand. Jay Ritter, director of the IPO Initiative at the University of Florida’s Warrington College of Business, tells Fast Company he heard from one colleague who requeste...