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But if it hasn't sold enough shares to move, it resets but then does it move automatically or does it still need the shares before moving? {nm}
Posted by: secretstalker (a.k.a TheWeekendWarrior) on Dec 06, 14:10
in response to Antibody's post It would reset at midnight. Why not?
NOt sure if this has been covered but if an IPO doesn't sell its shares in its first day, does that mean it remains halted?
{nm}
secretstalker
Dec 06, 11:07
What do you mean by halted?
{nm}
Antibody
Dec 06, 11:50
Frozen? I mean that the IPO remains at the IPO price until all shares are sold...
secretstalker
Dec 06, 12:04
If it's the latter than in theory, a stock shouldn't be able to move at reset post-IPO at all unless it's sold its shares
{nm}
secretstalker
Dec 06, 12:04
It would reset at midnight. Why not?
{nm}
Antibody
Dec 06, 12:44
But if it hasn't sold enough shares to move, it resets but then does it move automatically or does it still need the shares before moving?
secretstalker
Dec 06, 14:10
My question has been answered... the stock will only move its first day if enough shares are traded.. if not, it just behaves like a normal
secretstalker
Dec 07, 04:52