Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

NYSE Trader on Why Uber Didn't Start Trading at Market Open

Video Credit: The Street - Duration: 02:30s - Published < > Embed
NYSE Trader on Why Uber Didn't Start Trading at Market Open

NYSE Trader on Why Uber Didn't Start Trading at Market Open

But I want to invest now!

Investors may start to get antsy waiting for a company to formally go public on an exchange.

And companies that are IPOing may not be available for trading for a couple of hours after the market opens.

So, why is that?

Tim Anderson, managing director at TJM Investments, explained why investors have to wait to invest in companies that have just gone public.

He used Real Money Stock of the Day Uber as his example.

"It takes time to get all of the aftermarket orders put together.

Some of them are market orders, some of them are limit orders and then it will take time to get what they would call the right price for the opening.

And really what that would be is the price where all of the buyers and sellers that match up.

There will be some people that want to add to their position that maybe didn't get as much stock as they put in for on the initial opening," explained Anderson.

"There'll be some retail people that were probably completely shut out that may want to buy the stock, but there will also be some people that bought the stock and for a multitude of different reasons, just want to sell part of it on the opening and they want to go back to everybody that was involved in the deal on the customer side with the price indications." Related.

Uber IPO: Sit Back and Enjoy the Volatile Ride Ask Cramer | Get Answers to Your Most Pressing Market Questions

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

NYSE Trader: Investors Should Approach the Trump-Xi Meeting With Caution [Video]NYSE Trader: Investors Should Approach the Trump-Xi Meeting With Caution

Keep a close eye on the markets as we approach President Trump's meeting with Chinese President Xi at the G20 conference in Japan later this week. And, investors, take a deep breath. Jonathan Corpina,..

Credit: The Street     Duration: 02:34Published

What's Worrying  in the Markets [Video]What's Worrying in the Markets

Another week is over, but a new one is not too far behind. Real Money contributor Stephen "Sarge" Guilfoyle breaks down what to watch in the markets right now and why he's tempering his enthusiasm..

Credit: The Street     Duration: 00:56Published

NYSE Trader's Instant Reaction to the Fed Decision [Video]NYSE Trader's Instant Reaction to the Fed Decision

Happy Fed day. The Federal Reserve decided to leave interest rates unchanged. The move, which came as no surprise to many investors, was released Wednesday afternoon. Matthew Cheslock, a trader at..

Credit: The Street     Duration: 04:17Published

Lessons From Dad: How This Investor Learned to Trade [Video]Lessons From Dad: How This Investor Learned to Trade

Happy Father's Day! Real Money contributor Stephen "Sarge" Guilfoyle, a former NYSE trader, explains how his dad helped him learn how to invest. "My Dad, he's, you know, he was a trader himself...

Credit: The Street     Duration: 01:30Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.