Official IPO/New Issue Opening Price

Upon completion of an IPO/New Issue Auction the Cboe Official Opening Price for the newly issued security will be disseminated to the consolidated tape along with a bulk execution. The Cboe Official IPO/New Issue Opening Price will be represented by a sale condition code of O (Market Center Opening Trade). This is the same code used for the standard Cboe Official Opening Price disseminated at market open.

IPO/New Issue auctions that result in an odd lot execution will be allowed. In these cases the Cboe Official IPO/New Issue Opening Price will be the price that resulted from the IPO/New Issue auction. The Cboe Official Opening Price will be represented by a sale condition code of Q (Market Center Official Open).