* BofA, Morgan Stanley ( MS ) and JPMorgan ( JPM ) host exclusive SpaceX
IPO events for wealthy clients and financial advisors
* Thousands of clients invited to launch parties and
livestreams
* IPO has rippled through Wall Street
By Tatiana Bautzer
NEW YORK, June 4 (Reuters) - Wall Street banks are
competing to offer special events for wealthy clients trying to
get a piece of the SpaceX IPO, with Bank of America ( BAC ) and JPMorgan ( JPM )
hosting splashy events ahead of its launch next week and some
bank CEOs involved in the action.
Elon Musk's SpaceX blockbuster IPO next week has rippled through
Wall Street banks, investors and the financial industry that all
want a slice of the action. The IPO aims to raise $75 billion,
valuing the company at $1.75 trillion.
Bank of America ( BAC ), which is leading the retail distribution
effort in the U.S., will host on Thursday an event for its
wealth management clients, while it has decked its headquarters
in midtown Manhattan's Bryant Park with SpaceX images throughout
the lobby, a source familiar with the matter said. On Thursday
evening the bank will light the building's spire to make it look
like a rocket ship taking off.
Bank of America's ( BAC ) event will be headed by Co-President Jim
DeMare speaking with SpaceX President and Chief Operating
Officer Gwynne Shotwell and CFO Bret Johnsen about the upcoming
SpaceX IPO.
A similar event will be headed by JPMorgan ( JPM ) CEO Jamie Dimon
on Thursday with the same SpaceX executives. More than 2,500
clients are expected to attend in what will be the first such
event for the bank at this scale.
More than 5,000 clients across its private bank and Merrill
Lynch have been invited to market launch parties being hosted by
the bank and streamed to offices across the U.S. as part of the
Merrill presence.
Morgan Stanley ( MS ) will have its event for wealth management
clients on Monday and invited its top financial advisors to hear
from SpaceX executives. The event will be hosted by Jed Finn,
head of wealth management, and Kate Claassen, the lead banker in
the IPO.
(Reporting by Tatiana Bautzer and Nupur Anand, Additional
reporting by Akash Sriram; Editing by Megan Davies, Dawn Kopecki
and Andrea Ricci )