Open Price

Open Price

The first price of a security at the beginning of a trading day.
References in periodicals archive ?
The stock went under its open price of 64.25 dollars, resulting in a loss of 1.5 - 1.8 billion dollars market cap.
Next topside targets include yesterday's open price at 0.6632 and spike highs on 9/08 at 0.6846.
The increase between the offer price and the open price for newly issued IPOs still remains a matter of concern, although these increases are not nearly at the levels exhibited by IPOs in 1999, when, for example, Enel, VA Linux, and Sycamore Networks experienced increases between their offer prices and their open prices of 966.9 percent, 896.7 percent, and 612.8 percent, respectively.
Consequently, from the perspective of the issuing company, the increase between the offer price and the open price represents "money left on the table." The development of the Dutch auction process, used in Google's IPO, represents one of the most recent of the attempts to efficiently price IPOs by setting a sufficiently accurate offer price that the offer-to-open price increase and any substantial, immediate price appreciation in the absence of news are minimized.
This increase between the offer price and the open price is much greater than the increase for typical IPOs in 2004, as is evident in Table 2.
As of June 29, 2005, Google had exhibited price appreciation of 186.8 percent, relative to its open price. As is evident in Table 3, Google had more substantial price appreciation than 97 percent of the IPOs issued in 2004 across all industries and SIC codes, than 90 percent of the IPOs issued in its three-digit SIC industry area of the 7370s, and than 80 percent of the IPOs issued in its four-digit SIC code (7375).
One of the principal advantages of the online auction process is supposed to be that the increase between the offer price and the open price of an IPO is minimized, which provides the issuer with greater value.
TABLE 1 ANNUAL COMPARISON OF OFFER-TO-OPEN PERCENTAGE PRICE INCREASES ACROSS ALL SIC CODES AND WITHIN GOOGLE'S SIC CODE Offer-to-open Principal percentage amount of price increase (%) issue ($ mil) All SIC codes 1999 65.5 115.7 2000 55.4 118.9 2001 92.5 305.6 2002 6.3 239.1 2003 7.5 326.3 2004 8.6 227.5 2005 (through June 29, 2005) 1.3 259.2 SIC 7375 (Google's SIC code) 1999 67.9 70.16 2000 35.5 78.12 2001 NA NA 2002 -0.96 581 2003 88.5 75.6 2004 17.2 322.97 2005 (through June 29, 2005) NA NA Note: This table compares the average price increase between an IPO's offer price and its open price and the average principal amount of an issue on a yearly basis between February, 1999 and June, 2005 across all SIC codes and within Google's four-digit SIC code.
Twitter's 45 dollars open price values the company at a whopping 77 times trailing revenue.
Mitsubishi will market the LVP-HC3100 along with a less expensive 300:1 contrast model from August 25 with an open price. The home theatre market is expected to increase 130% this year.
This new CoCoon channel server from Sony (open price, but approx.