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An indication or announcement that an investor or broker-dealer wishes to sell a certain security at a certain price, especially when there are no current buyers. A bid wanted is analogous to a bid, which is essentially the same thing from the buyer's perspective. The price on a bid wanted is called the offer.
bid wanted (BW)
Notice given by a security owner that a security position is available for sale and that purchase offers will be considered. A bid wanted announcement is the initial step in seeking an interested buyer with the final price to be negotiated later.