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Syndicate bid
The price that the original syndicate is willing to pay for stock in the aftermarket. Generally this is done to try and stabilise and/or support an issue. Selling stock to the syndicate may come with a penalty for having sold the stock back to the syndicate.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Initial public offering
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