As far a I understand, no.
For example, NCNO, its IPO was yesterday and I believe it was issued at under 40 USD, but by the time T212 had access to the stock it was on 77 USD.
I guess it is because that 77 USD is based on a sale in the secondary market, not part of the actual shares issue.
I believe (but don’t know) that it comes down to Institutional and Private Equity investors getting first dibs, most likely because they have supported the company privately (see Scottish Mortgage Inv Trust as an example that invests in lots of unlisted companies) so as they purchase their shares, and with the Institutions buying in tremendous volume, it ramps the price byt he time retail investors can get in.
Although I was shown this site today, which seems to let you buy in at open for select IPOs (not all) but seems to need you to meet certain criteria.
Were this Pershing Square Tontine Holdings joke or what
Read the thread before posting please.
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