Unsubscribed


Also found in: Dictionary, Encyclopedia.

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.