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Indication of Interest

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Indication of interest
A dealer's or investor's interest in purchasing (not commitment to buy) securities that are still in the underwriting stage and are being registered by the Securities and Exchange Commission.

Indication of Interest
1. A situation in which a potential buyer tells an underwriter that he/she might wish to buy a portion of a new issue. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion. Investors are required to be provided with a preliminary prospectus if he/she indicates interest. It is important to note that indications of interest are non-binding because it is illegal to sell a security that has not been issued. See also: Overbooked, Underbooked, Fully Subscribed.

2. More broadly, any situation in which a potential buyer makes an inquiry of a seller about a security. This shows that the buyer may wish to buy the security.

indication of interest
An investor's expression of interest in purchasing part of a new security issue before the issue comes to market. Brokers frequently seek indications of interest from clients even though the indications are not firm commitments to purchase the security. Compare circle. See also underbooked.


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A statement added: "We have thus decided unanimously to withdraw our indication of interest for the company.
We have thus decided unanimously to withdraw our indication of interest for the company.
Jul 25, 2007 ABX Air ABX Air announced that its Board of Directors has reviewed ASTAR Air Cargo Holdings, LLC's unsolicited indication of interest to acquire the Company and has unanimously rejected the proposal as not being in the best interest of ABX Air stockholders.
 
 
 
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