Initial Player Offerings (IPO)
Last updated
Last updated
If you're looking to build your portfolio, an IPO is a great place to start. IPO stands for Initial Player Offering - it's when Cricvest releases a new cricket player on the platform, and makes stocks of that player available for purchase.
1000 stocks per player are listed for sale
Each player is listed for sale only once
All unsold stocks are permanently destroyed
During an IPO, all 100,000 stocks of a player will be available for purchase for a period of 2-5 days, with a countdown timer on the page displaying the remaining time in the sale. All users have the chance to purchase the stocks, but when the timer reaches zero, we destroy any unsold stocks. The sold stocks are then distributed to the users who purchased them, giving the buyers complete control of the market as they own all of the stocks.
Buying from an IPO offers the opportunity to purchase variable amounts of stocks at a fixed price, before the holders of the stocks determine the price on the transfer market.
Missed the IPO? No Problem. If you miss an IPO, you can still buy the stocks on the transfer market from other users.
The price of an IPO is determined by several factors, including player demand, age, quality, and the current state of the Cricvest economy.
2-4 players released will be released via IPO each week during the loading phase (this will increase in August). Once IPO ended, you can start trading the player in the transfer market.
Buying a stock during an IPO gives you the opportunity to purchase variable amounts of the stocks for a fixed price. When the IPO has ended, the holders of the stocks will determine the price on the Transfer Market.
What happens if I miss the IPO?
If you miss the IPO, you will have to buy the stocks on the Transfer Market.
