This is common in ipo's of many companies, it can actually be a positive or a negative depending how the market reacts, consider Facebook listing at $28 and within a month you could pick up shares for $18, so if you had gotten in on the IPO price and the company had turned out to be a dud long term this is where normal investors can do better than SI or institutional.
Other companies like WHA sold at same price to IPO and shares could be picked up for the first 2 days of asx listing and it is now sitting at close to 40c
The same can be seen in many of these mm companies back in February when they were listing or selling at 20c, it is only since becoming more popular with ST or day traders that the prices have become much more volatile and risen dramatically.
If your unsure about getting placement in a stock it is worthwhile to try have an investment adviser buy shares on your behalf as they can usually get a placement, this is how I got into a lot of the IPO's that had extremely tight registers. Obviously this will cost you money though and then issue of transferring shares or them representing your interest in that company.
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 215461 | 0.039 |
1 | 135135 | 0.035 |
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1 | 30303 | 0.033 |
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