New IPOs going live TODAY (Wed 9th Dec)

[ryan9921]

IPOs do not start trading immediately, there should be some good posts on this forum if you search for IPO, Snowflake etc.

Edit: example …

Initial Public Offerings

Yep retail investors (like us on 212) get access last out of everyone so the price is not going to be the same as the IPO price. When the exchange opens trading for retail investors, they do so at the open price that the exchange has determined by matching incoming orders during a process called price discovery (I believe this happens manually on NYSE but some other exchanges have this process automated). Price discovery basically involves the exchange identifying the best price to open at tha…