5 ms·
This isn't a big deal at all - it's basically just a market order. Whoever put in that order will just get filled at the best ask price - probably around $41.
by smnl 14y ago
This isn't a big deal at all - it's basically just a market order. Whoever put in that order will just get filled at the best ask price - probably around $41.
- ahi 14y agoThe reason being that market orders are restricted in the early going. or so I am told.
- hkmurakami 14y agoRight. There was legislation that went into effect after the Zillow IPO (I believe two months after said IPO) that restricted market orders on the first day that a stock becomes listed on an exchange.