@Joe80, The stock was trading above 1900 when I got here about an hour after the IPO ended. If it was anything like other recent IPOs most of the trading probably took place in the first few seconds.
This isn't really a new problem, it was happening with the old IPO system as well. I agree that random start times would be fairer, as long as the time is made public in advance so that there's competition for the initial shares. The main problem though is that one IPO phase is not enough for the market maker to make a decision about the starting price. Would adding an extra phase or two and adjusting the price after each help?
Also, since you mentioned it: I think the market maker already spaces out its orders more in the early stages, so people may not be getting as much invested as you think. I'm not absolutely certain that's the case, but it has seemed that way to me the times I've been here.
@apujanata, I see. So you got more than 250k invested during the IPO? That's something else that should be looked at - the ability to set up orders in advanced trading mode and go beyond the 250k limit.
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The stock was trading above 1900 when I got here about an hour after the IPO ended. If it was anything like other recent IPOs most of the trading probably took place in the first few seconds.
This isn't really a new problem, it was happening with the old IPO system as well. I agree that random start times would be fairer, as long as the time is made public in advance so that there's competition for the initial shares. The main problem though is that one IPO phase is not enough for the market maker to make a decision about the starting price. Would adding an extra phase or two and adjusting the price after each help?
Also, since you mentioned it: I think the market maker already spaces out its orders more in the early stages, so people may not be getting as much invested as you think. I'm not absolutely certain that's the case, but it has seemed that way to me the times I've been here.
@apujanata,
I see. So you got more than 250k invested during the IPO? That's something else that should be looked at - the ability to set up orders in advanced trading mode and go beyond the 250k limit.