Everything on Capital Markets Mechanics

IPO allocation mechanics and free-float index weighting delay institutional ETF buying pressure, preventing immediate post-listing price stabilization.

Impact: Retail participants should prioritize secondary market entry over subscription draws to avoid probabilistic allocation risks and pricing inefficiencies.

— from SpaceX IPO Mechanics, Bitcoin Treasury Risks, and Retail Liquidity Gaps · Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT· Jun 09, 2026