Indication of Interest - IOI

Indication of Interest - IOI

An underwriting expression showing a conditional, non-binding interest in buying a security that is currently in registration (awaiting effectiveness by the SEC). The investor's broker is required to provide the investor with a preliminary prospectus.

Notes:

The IOI is non-binding because it is illegal to sell a security while still in the registration process.

See also: IPO, Prospectus, Underwriting