eToro announces new asset additions
$CPNG (Coupang LLC) will be available for trading on eToro once proper liquidity is provided. Until then, traders can add it to their watchlist.
Trading on $RBLX and $CPNG will be available during open market hours only. This means, market, exit, and rate orders will not be accepted during off-market hours.
The broker also warns that the ability to obtain shares of any newly issued stock may be significantly limited because overall demand for the IPO may far exceed the actual supply of shares coming to the market. In order for eToro to make trading of the stock available, there are a few things that need to be in place.
The stock should be listed on the exchange after the Initial Public Offering. Typically, trading on stocks after an IPO does not begin at the opening bell, only later in the trading session. Also, the liquidity providers will need to have sufficient liquidity of the stock in order to allow eToro to open trading for eToro users.
Bearing the above in mind along with a combination of very high demand at eToro – it may take up to a few hours for trading access after the exchange listing.
The trading price may differ greatly from the IPO price, the broker notes.