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An IPO or initial public offering is when a company wants to raise capital and enter a public stock exchange for the first time. These companies usually want to grow and raise more money by issuing common or preferred stocks to public investors.
In this IPO pricings trading object, you will get an historical database with the ticker symbol of companies that are entering the stock exchange, the number of offered shares and the initial filling Price.
The data is stored in a database called "ipo_pricings". The database has three fields:
Date: The offer date that is decided after the Securities and Exchange Commission (SEC) approval.
Price: The initial price or the price investors and traders must pay to acquire one share of the new publicly traded company.
Shares: The number of shares issued by the company expressed in millions of shares. The total amount of money raised will be equal to the number of shares multiplied by the initial price.
Example: On January 29, 1998, VeriSign Inc whose ticker symbol is VRSN had its stocks/shares listed on a stock market exchange for the first time after the SEC approved the IPO of 2.48 million shares and an initial price of 14 dollars.
You can download IPO pricings historical data starting from January 1998 to present. You just need to select a start and end date and then hit the start button.
Unknown ticker symbols are not automatically added to your symbols database. To change this, update the IPO pricings download item, click on "Parser", then check the option "Automatically add new symbols".
IPOs are risky investments; however they can offer great returns because of the underpricing of initial public offerings. This underpricing could be due to several factors; one of them is the interest issuers want to generate in the stock before it starts trading on a stock exchange.