What is the difference between IPO issue price and listing price?

The issue price of an IPO is the price at which a company sells its shares. The IPO is then listed in the exchange. The listing price is the opening price of the share on the listing day. Demand and supply for the shares are major factors in the difference between the issue price and the listing price. If demand for an IPO is high and supply is low, the listing price will be higher than the issue price; if demand is low, the listing price will be lower than the issue price.