What impact will the IPO pricing and the underwriters’ full over‑allotment have on KOYNU’s secondary market liquidity and short‑term price movement?

The $10.00 per‑unit IPO price, anchored by a full green‑shoe (3 million‑unit over‑allotment), injects roughly 13 % additional supply into the float and immediately deepens KOYNU’s secondary‑market order book. The extra 3 million units give market makers a larger inventory to work with, which should translate into tighter bid‑ask spreads and higher intraday volume right after the debut. In practice, the underwriters will likely exercise their stabilisation rights in the first two‑to‑three trading days, buying any excess sell‑side pressure to keep the price near the $10.00 reference level. As a result, traders can expect a relatively liquid opening session with modest volatility, but the green‑shoe also means the price may be nudged slightly lower than the IPO price as the market digests the incremental supply.

From a short‑term trading perspective, the most actionable signal is to watch the price action in the 30‑minute to 2‑hour window after the debut. If the ticker trades below $9.80 with decent volume, the underwriters’ stabilisation window may still be open, offering a potential buying opportunity with a built‑in floor. Conversely, a rapid bounce above $10.20 could signal that the green‑shoe is being fully absorbed and that demand outstrips the extra supply, presenting a chance for a quick scalp or to add to a short‑term long position. Keep a tight stop just below the $9.70–$9.80 support zone, as any breach could indicate that the stabilisation buffer is exhausted and the market may enter a more pronounced correction.