Underbooked

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Underbooked

Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.

Underbooked

Describing a situation in which investors show a lack of interest in a new issue of a security. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion of the new issue. If investors do not show interest, the security is said to be underbooked. This may affect the price when the security is actually issued. See also: Fully circled.

underbooked

Of, relating to, or being a new security issue in which investment bankers find a general lack of interest among investors before the issue date.
References in periodicals archive ?
The ability to see who is over or under-booked is a powerful project management tool.
But some hoteliers in the city fear that instead of the predicted shortage of beds in the city, they will be under-booked for most of the year.
The penny-pinching airline cancelled Carolyn Ferguson's New Year's Eve flight to Islay because it was under-booked.