Post by
DanielDarden123 on Mar 31, 2021 5:56pm
Bought Deal
Before we all get hot, bothered and ridiculous, let’s remember that this is not tiddlywinks; this is the stock market. The issue price is negotiated by the lead underwriter and the issuer before the new issue is announced. The new issue closes on a later date and much transpires each and every day. Many factors will determine the level of trading upon closing. To expect a new issue to always trade above the issue price is simply ludicrous. If there is value in the company and it is being mispriced temporarily, opportunity abounds.
Comment by
maypeters on Apr 02, 2021 2:49pm
well said DD. Looks like most folks have no clue what the stock market entails.