I'm just getting into investing and as such am doing some research before I officially begin, so forgive me if this is common knowledge or the incorrect sub to post this. What I found is as follows
The Nasdaq requires firms to already have 1.25 million publicly-traded shares with a collective market value of $45 million. Both the NYSE and the Nasdaq require a minimum security listing price of $4 per share.
If there is a 4$ minimum how do I hear about people buying stocks for pennies? Is that something that's part of the IPO (initial public offering) and if so, is that something only a certain group is allowed to have the opportunity to purchase? (I.e. investment banks or venture capitalists)
Submitted August 25, 2022 at 12:42AM by Chaxum https://ift.tt/Qp9fLK7
