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Best efforts
An underwriting that has no sponsorship by the underwriter doing the deal. The company expects to sell a certain amount of shares and the underwriter will expend their "best efforts" to do so. In the event they cannot reach that amount, only the shares that have been prepaid prior to the offering will be issued.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Initial public offering
- Company:
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- Acronym-Abbreviation:
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