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 ?
Around 16 schools face being shut down as part of Northumberland County Council's plans to cull under-subscribed and financially vulnerable schools.
Around 16 schools face being shut down as part ofNorthumberland County Council'splans to cull under-subscribed and financially vulnerable schools.
The Conservative administration has set out wide-ranging proposals to cull financially unsustainable and under-subscribed schools.
Parents should include at least one school in their choices where they are virtually sure of getting a place - even if it isn't first choice, otherwise they risk being offered an undesirable, under-subscribed school some distance away.
Release from a Confirmed place is at the university's discretion, so although it's usually agreed it shouldn't be taken for granted, they may try to persuade you to stay with them especially if they are keen to have you as a potential high flying student or if they are under-subscribed.
Keep in mind that this was a notoriously under-subscribed Olympic Games due to the politics of the time, thus affording an opportunity for poorer countries, like Laos, to take part.
Banks snapped the seven-day term deposits offered by the Bangko Sentral ng Pilipinas Wednesday while the 28-day facility was under-subscribed for the 10th consecutive week.
If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$1,195 million).
Coleg Cymunedol Y Dderwen was also heavily under-subscribed, with just 207 of its 276 places allocated.
At the opposite end of the scale, Barry Comprehensive and Bryn Hafren Comprehensive, in Barry, were massively under-subscribed and struggling to fill all of their allocated places ahead of the start of the next academic year.
Secondary schools in the town were under-subscribed this year, with 173 vacant places.