Bids and offers immediately post-IPO

[Mousie]

I'm not that much of a veteran looking to buy stocks immediately after they list, so maybe some of you guys can help me here.

What I don't understand is I'm seeing NUP bids @80c and sells @65c, and no trades seem to have gone through. What's going on here? And it's not the 1st few mins in the morning nor closing times - well?

And as I typed there's a sell @50c :confused:

[Stinger]

NUP doesnt list for another hour thats why there are no trades going through. At the moment someone is willing to pay 81 cents per share (the bid) and someone is willing to sell at 50 cents. It will all match up on opening. Sometimes people will put high bids in before it lists hoping to drag the opening price up, so you may well see it dissapear before it actually lists

[Mousie]

Righto, LOL

I didn't know NUP ain't listing yet, no wonder then

Thanks Stinger, I figured it's the usual opening and closing times scenario :D

[nioka]

Indicative price is 73c.