When do IPOs start trading?

Initial Public Offerings (IPOs) typically begin trading on the stock exchange on the date specified for the "Trading Start Date" in the prospectus or offering documents. This date is usually several weeks after the IPO price has been set and is intended to give investors a chance to participate in the offering. Here are the key points regarding the trading start date of IPOs:

1. IPO Process: The IPO process involves companies filing a prospectus with regulatory authorities and exchanging information about the company's financials, operations, and plans with potential investors.
2. Trading Start Date: Once the IPO is complete, the company's shares typically begin trading on the stock exchange on the date specified in the prospectus. This date is often several weeks after the IPO price has been set.
3. Ex-Dividend Date: The ex-dividend date is typically a few days before the trading start date. This date indicates that investors who purchased shares before this date will not receive the dividend payment for the IPO company's most recent fiscal quarter.
4. Dividend Pay Date: The dividend pay date is usually a few days after the trading start date. This is when the IPO company pays out dividends to investors who purchased shares during the offering.

In conclusion, IPOs generally start trading on the date specified for the "Trading Start Date" in the prospectus, which is typically several weeks after the IPO price has been set and followed by an ex-dividend date and a dividend pay date.