You can begin placing limit orders for SPCX in the Sarwa Trade app from 1:00 PM GST (5:00 AM ET) on June 12, before the US market opens. These orders won't execute until SPCX actually begins trading.
A few things to know about pre-market orders for newly listed stocks:
- Only limit orders are accepted before it goes live. Market orders are rejected.
- Only whole-share orders are supported. Fractional shares aren't available in the pre-open window.
- Both Day and Good-Til-Cancelled (GTC) time-in-force options are supported.
Disclaimer: Newly listed stocks involve risk, including the possibility that the share price may decline below the offering price after listing, or experience large swings in either direction as past performance is not an indicator of future results. The information in this article is provided for general informational purposes only and shouldn't be considered investment advice. Please consider your investment objectives and risk tolerance before placing an order.