indication of interest

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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.
References in periodicals archive ?
Following discussions with a number of strategic and financial parties, Saba has received multiple non-binding indications of interest regarding a potential acquisition of the Company.
With that decision made, I will be available to the committee in its efforts to evaluate the indications of interest it has received.
Accordingly, the Company is now accepting Indications of Interest from investors who wish to purchase shares above the current plan limits.
With the bond offer expected to open within the next two weeks, we are now seeking preliminary indications of interest.
Nasdaq: MBSI) announced today that it has received two indications of interest with respect to the acquisition of Miller.
We would expect to receive indications of interest within 4 weeks of the launch of the process.
Further, Rock Bottom disclosed that it has received two other indications of interest to acquire Rock Bottom's capital stock.
Bovespa: MMXM3) (TSX: XMM) ("MMX" or the "Company") has received indications of interest from certain financial investors interested in purchasing a minority stake in MMX's wholly-owned subsidiary LLX Logistica S.
28 /PRNewswire/ -- Community Psychiatric Centers (NYSE: CMY), in its Annual Report on Form 10-K filed today with the Securities and Exchange Commission, announced that it has received a number of unsolicited indications of interest to acquire its United Kingdom subsidiary, the Priory Hospitals Group (PHG).
The special committee engaged in a process which included receipt of indications of interest from several potential acquirors, including GS Capital Partners.
NASDAQ: OWWH) announced today that it has received preliminary indications of interest from several third parties regarding the possible acquisition of the company.
Names with the strongest indications of interest will be made available in the Live Auction.