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Syndicate Bid |
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Syndicate Bid An order by a managing underwriter to buy or sell a security immediately before a secondary offering of the same security. The managing underwriter makes a syndicate bid in order to stabilize the price of the security, which will make the secondary offering easier to place with investors. This is only permissible under certain defined circumstances set forth in SEC Rule 10b-7. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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