View Full Version : Conditional & Unconditional trading

06-25-2005, 09:46 PM

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

06-26-2005, 09:24 AM
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...