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re: SNAP INC

Posted on 3/2/17 at 11:36 am to
Posted by barry
Location, Location, Location
Member since Aug 2006
50377 posts
Posted on 3/2/17 at 11:36 am to
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 by TheIndulger
Member since Sep 2011
19239 posts
Posted on 3/2/17 at 12:13 pm to
quote:

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.


So could I have gotten in at $17 today, by putting in an order to buy before trading started?
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