Orders for a new securities offering which are placed prior to final registration...
(USA) A non-binding expression of interest by a de... Add a comment
Term denoting a client's interest in buying a security that is still in registration with the SEC. An indication of interest is not a firm commitment to purchase the security and is non-binding.
a non-firm expression of interest to trade at a given price
A dealer's or investor's interest in purchasing securities that are still in registration.
Non-binding indication of a client received before the effective date for the possible purchase of a new issue.
An expression of consideration by an underwriter's circle of customers for investment in a new security expected to be offered soon. It is not a binding commitment on the customer or the underwriter.
Underwriting term meaning a non-binding indication of a client's interest in purchasing securities that are in registration (awaiting effectiveness by the Securities and Exchange Commission). The broker is required to provide the client with a preliminary prospectus on the securities. The indication of interest is non-binding because it is illegal to sell a security that is in the registration process. See: Prospectus; Registered Security; Underwrite