Book building

Book building

An exercise by an investment bank, which is lead-managing a new issue to ascertain the likely levels of demand for a security at different prices. It is designed to prevent an issue being undersubscribed because of a large discrepancy between the issue price and the price at which the security starts trading on the secondary market.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: General Finance
Company: Reuters
Product:
Acronym-Abbreviation:

Collect to Blossary

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Related terms

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