book building


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Book Building

The process of canvassing potential investors for interest in a new issue of a security, especially before the SEC has approved the issue. Building a book allows a syndicate to have a rough idea of the demand for the new issue, which may affect its price when it is actually issued. See also: Overbooked, Underbooked, Fully booked.

book building

Solicitation of tentative interest from likely institutional and individual investors by the investment banking syndicate of a new security issue before the offering has been approved by the Securities and Exchange Commission.
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The success of the IPO can be gauged from the fact that, both Book Building and General Public Portions of the IPO received overwhelming response despite tough market conditions (Book Building portion subscribed by 160%; General Public portion subscribed by 112%).
Quality of investors in the book building was evident as 84 per cent of the offer was subscribed by institutional investors.
Director Finance Matco Foods Faizan Ghori said the company completed the book building and issue of public portion of the IPO at the end of last month, with a total issue of 29.
The Capital Markets Authority (CMA) board issued its resolution to adopt the updated instructions on Book Building and Allocation of Shares in IPOs.
To ensure fair price discovery for IPOs through book building mechanism, certain changes have been made to the book-building process, which include the introduction of concept of price band with the upper limit of not more than 40% of the floor price.
The concept of price band with the upper limit of not more than 40% of the floor price has been introduced in the amendments to ensure fair price discovery for IPOs through the book building mechanism.
Based on an investigation, the SECP found that the group indulged in market manipulation during book building process and thus had the influence to manipulate the strike price of an issue.
As one of the leading pharmaceutical holding companies in the country, Barekat was the first to IPO using the book building mechanism.
The enthusiasm investors showed during the book building made it possible to revise the coupon guidance downwards.
The book building of the Hi-Tech Lubricants Limited has been over-subscribed by 2.
Al Baloushi said that corporate governance and book building were other issues that family businesses have to face, especially if they consider listing abroad, and the only solution was raising awareness.
FALCOM Financial Services has announced the start of the book building process as a prelude to offering 7,500,000 shares representing 30 per cent of outstanding shares of FARM Superstores.