IPOs: Why are offer price (from Thomson) and stock price (from Datastream) sometimes so different?

When you search for IPOs in the Equity Module in Thomson One Banker you can add the Offer Price to your report. Often our researchers then request the stock prices of these IPOs from Datastream and notice large differences.

For example the offer price of Turftrax was 0,40 Pound, but when you request the stock price in Datastream the closing price on the first day is 200 Pound. This is a very big difference, but it can be explained: When you request the Unadjusted Price in Datastream (datatype = UP), you’ll see that the UP was 0,40 Pound as well, but there has been a reverse stock split in July 2009.

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