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3
Posted on 3/2/17 at 11:26 am to TheIndulger
Thought it opened at $24?
Posted on 3/2/17 at 11:36 am to TheIndulger
quote:
So was trading open when this thing was $17? Confused
The offer price was $17. On its first day they take buy and sell orders to start the day, which is why IPO's never trade when the market opens at 9. Once they have enough to they select the opening price based on sell and buy orders.
Posted on 3/2/17 at 11:58 am to TheIndulger
The bankers undervalued and only put out a limited supply of shares to make sure it popped on day 1.
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