# 2026-12253: Cboe Grants Itself Power to Tweak ETP IPO Prices

2026-12253, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Provide the Exchange With Explicit Authority To Adjust the Issue Price of a ETP IPO Security for Purposes of Applying the Collar Price Range to an ETP IPO Auction, is a Federal Register notice from Securities and Exchange Commission published 2026-06-18, effective 2026-06-12; PRIA reads it as touching household money (as of 2026-06-25).

- Canonical: https://policyrisk.com/federal-register/2026-12253
- As of: 2026-06-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12253
- Title: Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Provide the Exchange With Explicit Authority To Adjust the Issue Price of a ETP IPO Security for Purposes of Applying the Collar Price Range to an ETP IPO Auction
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 36901
- Published: 2026-06-18
- Effective: 2026-06-12
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-25

## In one line

Cboe Grants Itself Power to Tweak ETP IPO Prices

## Summary

Cboe BZX Exchange just got the green light to tweak the starting price of new ETP IPOs during their special auctions. This change helps keep prices fair and within a set range, making the whole process smoother for investors and the market. The new rule is effective immediately, so expect quicker, clearer price setups for these new investment products.

## Effects PRIA read

- Exchange Can Adjust ETP Issue Price: benefit, low. The Cboe BZX Exchange may adjust the issue price used to calculate the Collar Price Range for an ETP IPO Auction under amended Rule 11.23(a)(6). This authority is limited to setting the Collar Midpoint (used to compute the Collar Price Range), is to be guided by external market data, and does not d…

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## Sources
- [2026-12253 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/18/2026-12253/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-12253 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-18/pdf/2026-12253.pdf)

## Related
- [Previous: 2026-12252, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-12252)
- [Next: 2026-12254, Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-12254)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12253 (as of 2026-06-25).