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BlockBeats News, June 17th. According to BlockBeats' data, after the SpaceX (SPCX) IPO, the initial free float ratio was 4.25%. This was calculated by dividing the number of shares issued in the IPO by the total post-IPO common shares outstanding, making it the lowest level among large/major tech IPOs in the U.S. Data shows that SpaceX issued 555,555,555 shares in its IPO, and the post-IPO total common shares outstanding are 13,075,865,175 shares. If the overallotment option is fully exercised, the initial free float ratio would be around 4.86%. Among large/major U.S. tech IPOs, Google (2004) had an initial free float ratio of 7.23%, Zoom (2019) had 8.14%, LinkedIn (2011) had 8.30%, Snowflake (2020) had 10.12%, Uber (2019) had 10.70%, Reddit (2024) had 13.84%, and Rivian (2021) had 17.62%. Compared to these, SpaceX has the lowest initial free float ratio. A lower initial free float ratio means that there is a limited number of tradable shares in the early trading of SpaceX. However, even after full dilution, the company's valuation remains high, forming a "low float, high FDV" structure. In a strong demand environment, the low float can amplify price volatility in the secondary market. But as lock-up periods expire and more shares are released, the subsequent expansion of the free float will place higher demands on market absorption.

```htmlGolden Ten Data reported on June 17 that analysts at Bank of America stated in a report that the Bank of England is unlikely to follow the European Central Bank in raising interest rates this Thursday, but this will not substantially damage market confidence in the pound. Currently, the market is concerned about the possibility of policy mistakes by the European Central Bank. Analysts indicated that the "second-round effects" triggered by high energy prices will be closely monitored, which should support further rate hikes by the UK in the future. However, if the Bank of England can adopt a more balanced stance between the risks of high inflation and weak employment, the market will welcome this. If price shocks persist, the Bank of England may be seen as lagging behind, but that is not the case at present. Bank of America expects the Bank of England to keep rates unchanged this Thursday, but to raise rates in July and September.```

The launch of this new futures product is aimed at providing participants in the global steel industry chain with a transparent and efficient risk management and pricing tool based on Shanghai market prices in China. The contract will be settled in cash, offering market participants a new financial derivative option to hedge against price volatility risk. This move marks an important step for LME in expanding its ferrous metal derivatives series and deepening its ties with the Asian market. The market widely expects that the listing of this contract will help enhance the influence and pricing transparency of Chinese steel prices in the international market.