Jefferies Positioned to Facilitate Short Bets After SpaceX IPO Exclusion
Jefferies Financial Group was not selected among the banks tapped to lead SpaceX's upcoming IPO. Sources say hedge funds have contacted Jefferies to arrange short positions on the shares once they begin trading. The SpaceX offering is expected to carry a valuation of at least $1.8 trillion. Jefferies says it is not promoting shorting activity but w…