this is dumb so the bids over .001 are being taken what is the point of an IPO?
they arent being taken, but they represent a smaller volume than they could if they were @ 0.001
+1 as far as I have understood.
TLDR: Bids of 0.001 and over will be pooled for share distribution at IPO price (0.001) and bids below IPO price will be cleared before trading start.