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Grey Market

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.04 sec.
Grey Market
1. A market where a product is bought and sold outside of the manufacturer's authorized trading channels.

2. The unofficial trading of a company's shares, usually before they are issued in an initial public offering (IPO).

Notes:
1. For example, if a store owner is an unauthorized dealer of a certain high-end electronics brand, the product is considered to be sold in the grey market. If the product is illegal, it would be selling on the "black market".

2. The grey market is an over-the-counter market where dealers may execute orders for preferred customers as well as provide support for a new issue before it is actually issued. This activity allows underwriters and the issuer to determine demand and price the securities accordingly before the IPO.


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Another powerful industry lobby group, the Canadian Advanced Technology Alliance, says the rise of a huge grey market would be a given and Canadian consumers will buy the memory and recording products they want from Web-based retailers in the U.
For real-time quotes, how to trade Grey Market and Pink Sheets stocks, how to protect yourself and additional stock information, please see www.
Estimates given, provides a distinction that for every appointed dealer there are about 30 grey market dealers.
 
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