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Hard circle
Prospective purchasers of securities in a public offering, listed in the 'book' maintained by the lead managing underwriter, who are considered very likely to actually buy shares in the offering. See 'Book or Syndicate Book'.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Private equity
- Company:
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- Acronym-Abbreviation:
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