I have a newbie question about how btc-tc works. I wonder if there is a special form to purchase shares during IPO phase or I just have to place buy order as usual.
I am confused, because there are buy orders for TAT.NEOBEE already, while its IPO is set to start next Friday. What does this mean? Can I place my buy order at IPO price right now? Will it be binding?
Thanks in advance
There is no real IPO process. An IPO is just the issuer putting all the shares on the market. There are many failed IPOs because the issuer really has no idea how much interest there is until the shares are put on the market.
. Not that I don't agree with you that some IPOs failed, but even with legit operations you sometimes need book building.