4pm is when the NYSE closes, therefore I guess it may mean that it in fact starts at opening the next day ie. Today.
I think normally these stocks come on at around 4pm UK time. Seen a few IPO at that time like clockwork.
I watch marketwatch, and as soon as a price is displayed I refresh my T212 until it shows. Worked well on lemonade.
As far as I am aware the PSTH will only be available as a unit when they IPO so not quite sure why this is being listed as other recently IPOed SPACs are being delisted till common stocks are available. I would love to trade the instrument but do not want to be forced to sell it later on. I just donāt see the difference in reasoning for the other SPACs being delisted while allowing PSTH to be listed. Would be great help if you could explain the reasoning for allowing this to be listed! Hope you have a nice day!
PSTH will be listed as a common stock at some point not only as a unit. Therefore, we will provide an access to the common stock security as long as Interactive Brokers offer it.
That is great to hear thank you for the clarification!
Hi @Martin, does this mean that you are adding it onto T212 today but that we wonāt be able to invest in PSTH until the warrants have been executed and it is split into a ānormalā share? Or will we be able to invest in it on the same day that it goes live on the stock exchange? (Which seems to be today) Has IB solved the issue with the warrants?
If they addded it, iād imagine itās going live today. I reckon it will be live in 15 mins to 30 mins.
is already trading PSTH but on Td212 is still unnavabile
PSTH.U is a unit that consists of common stock & warrants, thatās whatās available today. We canāt provide warrants, so weāre holding off until PSTH common stock is available.
any time projection on that?
Okay, so as I understand it we will have to wait until the ācommon stockā is available, probably a few months (I donāt know the date for when the share becomes an independent unit).
Is this an automatic process or do we need to request PSTH to be āactivatedā for buying/selling when its common stock becomes available?
Unfortunately, we donāt know when exactly thatāll happen. The last few IPOs Iāve followed have taken at least 2-3 hours after markets open. The moment the IPOās live to everyone, youāll be able to invest. This doesnāt depend on us.
Thereās no need for activation, right after it turns into a common stock, youāll be able to trade.
It would be ideal if we could at least do a limit buy on these - literally have to sit waiting and at this point we have no idea when and how much it will be when it hits. Pretty sure those that are interested know what they think is a good price and what theyāre willing to pay.
Good, thank you for clarifying .
I missed quite a few IPOās in the past and like the sound of this one.
It is a case of just sit watching and waiting for it to become common stock??
On webull it says 200.00m still āpendingā¦ā
Itās not like you can set an alert or anything Case of watching and waiting but for how longā¦novice and thinking minutes or hours but reality days and weeks? Surely not?
Yea, we really could do with this.
Not for lack of trying
PSTH showed up in a search result just now, with no graph. But on reloading the website and the app it no longer appears in a search.
Whatās going on?
Vanished here too. What is going on T212?