Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76
It is difficult to gauge the demand supply dynamic in a Dutch auction until it is over but there is such a strong demand for Interactive Brokers IPO (IBKR) that they raised not only the price band (from $23-$27 per share) to $27 to $31 per share but also increased the number of shares offered from 20 million to 34.5 million.
That’s a huge increase! In light of this, I think there’s a good chance that this IPO will actually run when it opens. I’ve already put in my order but being the stingy bastard that I am, I’m not going to chase this right now. I prefer to sit and wait till it comes out to see its price action in the market.
I’m not sure exactly when IBKR will open but chances are good it will be later this week. The first day could actually be tradeable!
Enjoyed this? Don't miss the next one, grab the feed or