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it sold it's 120 million set shares {nm}

Posted by: JDolphin on Jun 01, 00:05 in response to Dorfman's post did i miss something... why did it start moving before...

Why have a set number of shares for an IPO if you are going to put the brakes on it when it starts moving? 26 mil more shares sold and only JDolphin May 31, 23:42

Might just be me and I don't know enough about IPOs, but something was off about this one from the start... {nm} ~JPV~ May 31, 23:48

did i miss something... why did it start moving before midnight pacific? {nm} Dorfman Jun 01, 00:03

it sold it's 120 million set shares JDolphin Jun 01, 00:05

ok... hmm i must have missed a few others doing that before the next day.. Dorfman Jun 01, 00:09

On IPO day, the number of shares available at the set price is listed on the stock page. Not every movie sells all before reset. {nm} JDolphin Jun 01, 00:21

yeah i forgot that happened... for some reason i was thinking it didn't move to next day regarless {nm} Dorfman Jun 01, 00:27

That's the derivatives {nm} JDolphin Jun 01, 03:23

Hmm, with the set shares at 120 million, I wonder if something got mis typed for the 120 buy price and the system thinks the price jumped 20 {nm} JDolphin Jun 01, 00:24

Could be something as originally the stock was only going to be H$100/shr the day before. {nm} ~JPV~ Jun 01, 07:18

so 15 mill. today, 25 mill. yesterday and the stock went up just 3 points...aha MatthiasVGer Jun 01, 07:30

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