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What is a grey market in IPOs?

What is a grey market in IPOs?

Thursday, July 20, 2017, 4:13 PM

The grey market in initial public offerings (IPOs) has become very active over the last year following big listing day gains in many companies. It is an unregulated market for trading in shares of IPOs before they are formally listed in the stock exchanges. Usually, trading in the grey market commences even before the issue opens for subscription.
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