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Mini-maxi
A best efforts offering that gives a range as to the minimum and maximum amount of shares that are available from the offering. These offerings get no support from the underwriters of the deal. In fact, they are most often acting as an agent to facilitate an offering and will be a market maker for the stock in the aftermarket.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Initial public offering
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