Underbooked

(redirected from Under-Subscribed)

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 ?
Applications for this means of financing are on an upswing, as other competitive tax credits are scarce and projects with federal resources, or projects involving preservation, are being encouraged to use this under-subscribed resource.
Meanwhile, in South Tyneside primaries will be under-subscribed by 602 pupils in 2018, in Gateshead there will be 790 more places than pupils.
In South Tyneside primary schools will be under-subscribed by 602 pupils in September 2018 and in Gateshead there will be 790 more places than pupils by 2018.
By contrast, all eight high schools in the Bridgend area where there was information were under-subscribed, as were two of three secondary schools in Merthyr Tydfil and five of six secondary schools analysed in the Vale of Glamorgan.
Vice principal Mark Gregory said: "We have done really, really well and have gone from a school that was once under-subscribed before it became an academy to now being over-subscribed.
The 900-place school is heavily under-subscribed and Ofsted inspectors have been critical of past standards.
The Swansea Bay event was supposed to be the rally that Edwards would use to step up his battle for the title, but organisers Port Talbot Motor Club pulled the plug on the event late last week, citing as the root cause potential financial loss due to under-subscribed entries.
THE B o C's rights issue, which closes tomorrow, is more than likely to be under-subscribed from what we hear.
The project begins on Monday, where there's some disappointing prize-money, and therefore many of us are not participating in those under-subscribed races.
If the TFC issue is under-subscribed, what implications will hold for continuance of the company as a going concern?