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Rookie Question re IPOs

Posted by: voodoo_mutt on Sep 27, 01:30

Hi

Just watching an IPO (LROJM). The IPO price is $2. There's 1.8mm long vs 20mm + short. But when it opened for trading it moved up 0.15.

Surely supply / demand economics suggest pressure on the price to pretty much collapse? What am I missing?

Rookie Question re IPOs voodoo_mutt Sep 27, 01:30

ok so this question gets asked literally about 5 times a week...but basically shares traded prior to movement dont count. only trades made islander Sep 27, 06:02

The bigger question is why it moved 0.15 in the first place.. {nm} Rocket Sep 28, 20:40

We're all trying to work it out srrichardson Sep 27, 06:09

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