COIN IPO

Reference price is $250, although it's indicated now at $365 before even actually open for trading.

I'm too new at this to understand the various shenanigans involved before the average Joe gets a chance to actually buy shares. Clearly, there is no chance to buy at the $250 reference price, yet, when it opens to the public at $365 it will be said that COIN recorded a stunning opening buying frenzy. I wished I was part of the frenzy but as far as I can tell, I'm the retail buyer who gets to buy when it's all over.
 
I'm fairly new to trading as well. What is the expectation of COIN? Something like Bit coin?
I read something and from what I understand is Coinbase is a company that is also a crypto exchange and now is trading as a stock on the NASDAQ. This company could boom!
 
KCalhoun said:
Usually ipos open by noon.. when today?
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Was said to be 10:20 this morning, but it's 12:40 and still nothing...

ALKT opened earlier today and is up 46+% @$44+ but here again, it opened to the retail buyer at $41 when the IPO price was $30. So it looks like a huge jump when, in fact, it's a reasonable 8%.
 
VicBee said:
Reference price is $250, although it's indicated now at $365 before even actually open for trading.

I'm too new at this to understand the various shenanigans involved before the average Joe gets a chance to actually buy shares. Clearly, there is no chance to buy at the $250 reference price, yet, when it opens to the public at $365 it will be said that COIN recorded a stunning opening buying frenzy. I wished I was part of the frenzy but as far as I can tell, I'm the retail buyer who gets to buy when it's all over.
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Well retail buyers had an opportunity to buy FB below its IPO opening price ....... if they waited.
More than 50% off in fact a couple of months later:-
FB IPO.png

Does it happen every time. Of course not. That is why it's called trading.
 
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