$Zhangmen Education(ZME.US)$ is going to be listed on NYSE on June 8, under the ticker symbol "ZME". The lead underwriters include Morgan Stanley, Credit Suisse, Citibank and CICC.
Some inexperienced investors may confuse Why don't IPOs in the U.S. market begin trading immediately at the open bell. The precise time when IPOs start trading is always uncertain, and the reason for the delay is complicated, but it involves a 21st-century variation on the old specialist system at the New York Stock Exchange.
while some hot IPOs don't start trading until after noon, moomooers should pay attention during the trading hours.
For investors who are new to IPO subscriptions, here's a full guide to answer any questions you may have about IPO subscription and its first-day trading.
I subscribed to the IPO stock. When can I know the results and trade my shares?
The subscription result is usually announced on the offering day, normally before 10:30 AM. AS the allocation of US shares takes a long time and may not be completed before the trading hours, the display of the subscription result may be delayed.
Trading of new shares starts after the close of the call auction and allocation of new shares.
* The above times are only for your reference. As there is a lot of uncertainty in the IPO process of US stocks, please pay attention to the relevant notification and account position on the IPO day.
* The above times are only for your reference. As there is a lot of uncertainty in the IPO process of US stocks, please pay attention to the relevant notification and account position on the IPO day.IPO Subscription Rules
First-day trading guide
1. IPO subscription results are announced.
Check your subscription results via the following steps:
(1) Enter your "US Margin Account"
(2) View your "IPO Subscription Record":
2. After the call auction ends (normally between 10:30 AM - 12 PM), investors can trade new stocks if the IPO subscription was successful.
Trade your new shares via the following steps:
(1) Enter your "US Margin Account"
(2) After subscription succeeds, click to "Trade"
(3) After trading starts for new shares, click "Unlock trades"
If the subscription fails, investors' funds will be released back to their accounts automatically.
Let us know if you have any more questions! We're here for you, as always.
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