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Frequently Asked Questions

The share sales platform has an auction sniping prevention feature/setting which adds 30 minutes to the auction countdown timer when a new bid is placed on a share in the last few minutes of an auction. This enables other bidders to have a fair and equitable opportunity to give tough competition to an auction sniper and to prevent the sniper from winning when placing his or her bid at the last possible moment before an auction ends. This is a feature not a bug. The system is operating exactly as intended to prevent auction sniping. The share auction ends once bidders stop bidding and the highest bid remains.

This sniping prevention feature can result in fierce bidding wars that increase the final price beyond expectations.

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