Maybe a special IPO Mode would be a useful feature in an exchange?
Set an IPO period, a week or however long you want.
Have the underwriters buy the shares, so the company knows it is getting the capital it is asking for as that is part of what underwriters do / what underwriters are for.
Set IPO mode with IPO price, so no offers less than IPO price can be made.
Then the underwriters sell into the market so people who only offered the flat IPO price might not even get any as people more eager might outbid them for all the shares.
Once the IPO period is over, the floor on offers is removed and its market-as-usual.
If people think the IPO is overpriced they can simply sit out the IPO period and put in lowball offers once normal trading commences.
-MarkM-
Set an IPO period, a week or however long you want.
Have the underwriters buy the shares, so the company knows it is getting the capital it is asking for as that is part of what underwriters do / what underwriters are for.
Set IPO mode with IPO price, so no offers less than IPO price can be made.
Then the underwriters sell into the market so people who only offered the flat IPO price might not even get any as people more eager might outbid them for all the shares.
Once the IPO period is over, the floor on offers is removed and its market-as-usual.
If people think the IPO is overpriced they can simply sit out the IPO period and put in lowball offers once normal trading commences.
-MarkM-
I can see that being awesome for some people on future issues, would make "startup" ipos much easier.
Do you have any insight on what to do in the situation BAKEWELL is currently in?