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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

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