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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When Did the US Stock Market Start? 1792
The US stock market started with the 1792 Buttonwood Agreement, signed by 24 brokers. Every date that follows, and how a call auction became 9:30 to 4:00.