Strasmore Research

#ipo

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How an IPO's Opening Price Is Set

How an IPO's opening price is set on Nasdaq and the NYSE, from the display-only period to the launch call, and why the first print can land hours after 9:30.

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How to Find a Lockup Expiration Date

A lockup expiration date lives in the IPO prospectus, not on a calendar page. Where to find it, and why counting 180 days from the first trade gets it wrong.