SpaceX’s offer to sell shares in its initial US public offering directly to Australian investors may be one giant leap forward for the globalisation of equity markets. But it also looms as another setback for the Australian Securities Exchange, already in structural decline due to the drought of local IPO listings and the flight from public to private markets.
Everyday retail investors will also have the chance to get in on the ground floor with the nation’s largest online share trading platform, CommSec, to act as the lead Australian retail broker. David Rowe
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