IPO Dutch auction style
Be a great way to bring new IPO'S on Announce when it starts and players being listed.
football index decides the price it wanted to open the offer at and this becomes the bottom price say 70p and how many shares to sell. They open the price at say £1.20 and it drops. Till all shares are sold.
So if there all sold at 90p then that's were the price starts. If all the shares don't sell then it opens at the bottom price "70p"
Be a lot easier for people to get involved in the IPO and excitement
@NewUser218220 I kinda follow. I kinda like it. So if I bid at £1.00 and the price ends up as 90p which do I pay?
@NewUser218220 how would it work regarding the bots snaffling them all up still?
@Lukeroro 90p in a dutch auction
@NewUser218220 I really like this idea. Start at a silly price say £10 per share.
I really like the idea as well. Certainly would be really entertaining if nothing else!if it could be brought in great, but it would seem like quite a project for FI to set up?