Anyone kind enough to explain how the opening price is determined?
E.g. DASH was offering $102 per share pre-IPO and it started trading at $180+.
Does that mean no one was able to first buy the stock at $102/share and sell it at $180-190?
I checked Robinhood earlier today before the IPO and it asked me about a bidding price - curious if people just bid their highest willingness to pay and the opening price is determined by that.
Submitted December 09, 2020 at 07:37PM by qoehd8 https://ift.tt/37SyZaz
