iBankCoin
Joined Nov 11, 2007
31,930 Blog Posts

2 comments

  1. ultramarine

    Thanks for posting this.

    Pretty amazing. I didn’t even consider the HFT dynamic on this IPO.

    How were the underwriters able to keep the bid right at $38.0000? Did they just use a massive limit order, continuously replenishing it as fills were made?

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  2. Woodshedder

    Ultra, that is the job of the underwriter, to prop it up on IPO. Give it a couple of weeks, when the underwriters are out…it might be ugly.

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