First trade意思

"First trade" is a term used in the context of stock markets and trading. It refers to the first transaction or exchange of a particular stock or security after it has been listed and made available for trading on an exchange.

When a company goes public through an initial public offering (IPO), its shares are offered for sale to the public for the first time. After the IPO process is completed, and the shares are allocated to investors, the stock is officially listed on an exchange, such as the New York Stock Exchange (NYSE) or the Nasdaq.

The first trade of a stock typically occurs when the exchange opens for trading on the day the stock is listed. This first transaction is significant because it establishes the opening price at which the stock begins trading. The opening price is determined through various mechanisms, such as the auction process on the exchange, where buy and sell orders are matched.

The first trade is closely watched by investors, analysts, and the media because it can provide insights into the market's initial reaction to the new stock. It can also set the tone for the stock's performance in the early stages of trading.

In summary, "first trade" means the first transaction of a stock after it has been listed and made available for trading on an exchange.