Stock Question : is it IPO date is not the same as real open for public trading day ?
Toni asks:
is it IPO date is mostly for insider trading, then the following next day is the Actual real day which everyone can trade online ? a company go for public usually have two days correct ?
is it IPO date is mostly for insider trading, then the following next day is the Actual real day which everyone can trade online ? a company go for public usually have two days correct ?
example website shown IPO for ” bidu ” is 8/4/05 , but the price history shown the first day trading starting on 8/5/05
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As you say, there cannot be 2 dates. There will be just one starting day when the IPO lists in the stock exchanges and is available for trading. There is no insider trading related to IPO’s. But yes, preferrence can be given for insiders like the employees, promorters for the allotment of the IPO.
You got to be clear on a few dates related to IPO’s.
IPO Subscription begin date: The data when you can put in an application for buying the shares offered.
IPO Subscription end date: Last date of acceptance of applications for buying the shares as part of IPO.
IPO Allotment date: The date when the company offering the shares declares the names of the poeple who have been alloted shares that can be traded at a later date when the IPO lists on the stock exchange.
IPO Listing Date: The date when the IPO lists on the stock exchange, so that it can be traded. At this time, it can be traded by any one.