Buzzy tech IPOs are overwhelming retail trading platforms

SpaceX’s initial public offering lived up to expectations, 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 more than $250 billion in demand. Jay Ritter, director of the IPO Initiative at the University of Florida’s Warrington College of Business, tells Fas...