The market might move to meet your price, in which case you have bought the shares at a cheaper price than had you simply taken the $1.23 price. A limit buy order at $1.22 can trade at $1.21 but will never trade at $1.23 or above.For a sell order, the price you nominate is the minimum price the order will trade at. 2 Investing How to buy and sell shares Where do shares come from in the first place? When a company first issues shares for sale, this is generally called a float or initial public offering (IPO). A company might float on the sharemarket as a way to raise money or to give existing owners an exit for their investment.
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