Nasdaq Slumps 6.7% as Wilco Prices $200M IPO for June 18 Listing
NDAQ•Nasdaq Inc. shares fell 6.7% on June 17 to $83.29, underperforming peer exchanges during the session. This decline comes despite Nasdaq listing Wilco 63 Corporation’s $200 million IPO units at $10 per unit on June 18 and preparing for SpaceX’s record $86 billion IPO over the next 180 days.
1. Stock Performance
On June 17, Nasdaq Inc.’s stock slid 6.7% to close at $83.29, marking its steepest one-day drop in recent weeks. The decline outpaced gains at rival exchanges as broader selling pressure weighed on trading.
2. Wilco 63 IPO Listing
Wilco 63 Corporation priced 20 million units at $10 each, raising $200 million, with units set to begin trading on the Nasdaq Global Market under the symbol WLCOU on June 18. Each unit comprises one Class A ordinary share and one-half of a warrant exercisable at $11.50, with full warrants trading under WLCOW once separated.
3. SpaceX IPO Timeline
SpaceX completed an $86 billion IPO, securing a $2.5 trillion valuation, and will be added to major indexes over the next 180 days. Staggered insider lock-up expirations during this period are projected to influence supply dynamics and trading demand on Nasdaq.
