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The Slack DPO
Acquired
Organized Underwriting and Market Making
The underwriting process in IPOs involves committing to buying a certain amount of shares before trading starts. After this, the underwriters advise on setting the initial trading price and work on getting existing shareholders to sell shares. A market-making function then matches supply and demand. Underwriters ensure there is liquidity by confirming a percentage of shares available for trading. This process is more organized and algorithmic compared to previous methods that relied on guesswork.
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