Sorry, but I have to chime in here on up listing t
Post# of 87085
(Total Views: 1073)
Posted On: 01/26/2022 12:28:25 PM
Re: BUMPERCARS #61875
Sorry, but I have to chime in here on up listing to Nasdaq. First there is no IPO, (initial public offering) as we are already trading.
The Nasdaq market makers do set a price on a "Direct Listing" IPO. Doc won't do a Direct Listing of his private companies, so not relevant.
The Nasdaq market makers will simply look at the orders to "Buy" and the orders to "Sell" on the morning opening, they will then set the price accordingly. If they have a lot of "buy" orders (Bids) and not a lot of "sell" orders (Ask) they will increase the "bid" price to get you and me to sell some of our shares. So if there is not a lot of Sell order volume wanting to sell ("stacking the ask"
and there is a lot of Buy orders (bids) that want stock, they have to raise the Bid price even higher to get you and me to sell our shares. It is really pretty simple, just supply and demand will set the opening price when we get to the Nasdaq.
Reminder, the same "supply and demand" applies to the opening stock price after Doc launches. So, IMO, if you want higher prices don't "stack the ask" wanting to get out of a lot of shares on that morning. There should be a good demand after the press release for the launch therefor creating demand for the stock. More people wanting to buy than sell, the price goes up. I assume the press releases will continue every few days to keep us in front of the "market".
The Nasdaq market makers do set a price on a "Direct Listing" IPO. Doc won't do a Direct Listing of his private companies, so not relevant.
The Nasdaq market makers will simply look at the orders to "Buy" and the orders to "Sell" on the morning opening, they will then set the price accordingly. If they have a lot of "buy" orders (Bids) and not a lot of "sell" orders (Ask) they will increase the "bid" price to get you and me to sell some of our shares. So if there is not a lot of Sell order volume wanting to sell ("stacking the ask"
and there is a lot of Buy orders (bids) that want stock, they have to raise the Bid price even higher to get you and me to sell our shares. It is really pretty simple, just supply and demand will set the opening price when we get to the Nasdaq. Reminder, the same "supply and demand" applies to the opening stock price after Doc launches. So, IMO, if you want higher prices don't "stack the ask" wanting to get out of a lot of shares on that morning. There should be a good demand after the press release for the launch therefor creating demand for the stock. More people wanting to buy than sell, the price goes up. I assume the press releases will continue every few days to keep us in front of the "market".
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