Unsubscribed


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Unsubscribed

A new issue in which investors show a lack of interest. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion of the new issue. The portion that is not booked is called the unsubscribed portion. The existence of an unsubscribed portion may affect the price when the security is actually issued. Sometimes an issuer requires underwriters to buy the unsubscribed portion in order to raise its target capital. See also: Underbooked, Fully subscribed.
References in periodicals archive ?
Should JGS fail to subscribe to all the remaining Rights Shares, BPI Capital Corporation will take up any remaining unsubscribed Rights Shares pursuant to its role as underwriter.
Mace Security International Inc (OTCQB:MACE), a manufacturer of personal defense and electronic surveillance products, has completed an offering of unsubscribed shares of common stock from its recently completed rights offering at a price of USD0.
If unsubscribed shares are not enough to honour all requests under the privilege, Tejon may elect to issue up to another 434,789 over-allotment shares.
In addition to the exercise price, other important matters relating to the rights offering have not been finalized as of the date of this press release, including the date of the initial offering, the expiration date of the rights offering and the procedures relating to the purchase of initially unsubscribed shares.
Of this amount, 393,109 shares were properly tendered; pursuant to Israeli law, Crystal then purchased the remaining 282,383 unsubscribed shares by a mandatory acquisition.
For example, the top complaint about spam today is that "it takes too much time to delete or get unsubscribed," according to 39 percent of respondents to the April 2003 survey.
Ross entities would purchase any unsubscribed shares.
The Debentures were offered to holders of Interpool's common stock, with unsubscribed Debentures being made available to third party standby purchasers.
markets during the first reoffering round of unsubscribed shares, which closed on Aug.
The new Unsubscribe Message report allows marketers to determine and analyze unsubscribed members based on the messages to which the recipient responded.
The ratings on the senior and subordinated notes reflect the project's ability to support at an adequate level the debt service payments of both the subordinated and senior debt issuances by the cash flow derived from the contractual transportation-service agreements (TSAs) through 2002 without having to rely on the market for any unsubscribed revenues.