Conditional & Unconditional trading

[Harmonica]

Hi

Could someone please tell me what this means exactly, beccause I read an article about the partygaming ipo, and it said that conditional trading will take place this monday and then unconditional will take place on thursdsay?

Thanks in advance

[player24]

Wild guess on my part.

There is a "when issued period". Trades during the WI period are conditional because, if for some unknown/unexpected reason, the deal doesn't settle (i.e. the company doesn't get the money from the stock sale) - all trades are cancelled and the IPO is unwound.

Again, wild guess...