my experience is that from the day an IPO lists on the ASX it takes a day or 2 for buyers to catch on , so if you can buy early on the 1st day you have a better chance of buying at a reasonable price - i bought 2 batches of Airtasker early on 1st day at $1.03 & $1.35 - the price was rising fast and was up to $1.75 the next day with strong buying but then dropped of as sellers arrived.
But every IPO is different - with some the price rockets on 1st/2nd day - so sometimes its better to wait a few days to let the price settle back . There is the risk you may miss out but thats part of the investing game.
$2 By Friday, page-338
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $131.4M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 29.0¢ | $56.04K | 193.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 102541 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 23000 | 1 |
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| Last trade - 15.33pm 19/11/2024 (20 minute delay) ? |
| ART (ASX) Chart |