indication of interest

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Indication of interest

A dealer's or investor's interest in purchasing (not commitment to buy) securities that are still in the underwriting stage and are being registered by the Securities and Exchange Commission.

Indication of Interest

1. A situation in which a potential buyer tells an underwriter that he/she might wish to buy a portion of a new issue. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion. Investors are required to be provided with a preliminary prospectus if he/she indicates interest. It is important to note that indications of interest are non-binding because it is illegal to sell a security that has not been issued. See also: Overbooked, Underbooked, Fully Subscribed.

2. More broadly, any situation in which a potential buyer makes an inquiry of a seller about a security. This shows that the buyer may wish to buy the security.

indication of interest

An investor's expression of interest in purchasing part of a new security issue before the issue comes to market. Brokers frequently seek indications of interest from clients even though the indications are not firm commitments to purchase the security. Compare circle. See also underbooked.
References in periodicals archive ?
NASDAQ:ABXA) today announced that its Board of Directors has reviewed ASTAR Air Cargo Holdings, LLC's unsolicited indication of interest to acquire the Company and has unanimously rejected the proposal as not being in the best interest of ABX Air stockholders.
in response to Simon's unsolicited indication of interest to acquire GGP.
Stockholders will be able to obtain, free of charge, copies of the Proxy Statement and any other documents filed by the Company with the SEC in connection with the Oaktree's indication of interest at the SEC's website at http://www.
The following supplemental information is provided with respect to an unsolicited indication of interest received from Rippe & Kingston Systems, Inc.
Gibbs (the Company's Chief Executive Officer and Chairman of the Board) communicated by teleconference to Bernard Anzarouth (Constellation's Vice President, Business Development) on May 18, 2005 that the Company's Board of Directors, after careful consideration over multiple meetings, had (i) rejected Constellation's indication of interest, (ii) confirmed that the Company was not currently for sale, and (iii) confirmed that the Company would proceed with its going private transaction (as discussed in the Company's preliminary Transaction Statement filed with the United States Securities and Exchange Commission on March 7, 2005).
As disclosed previously the Company has received one indication of interest from MDAdvantage Holdings, Inc.
NASDAQ: LSNB) announced today that it has received an indication of interest in a possible business combination from another bank holding company.
As of today, the Special Committee has not set any time schedule for reviewing any indication of interest, including the Proposal.
On May 5, RCSB stated that it had received an unsolicited indication of interest in the possible acquisition of the company and was evaluating whether to pursue an affiliation, its previously announced strategy or a combination of both alternatives.
NASDAQ-NMS: OLCC), (the "company"), parent company of Olympus Bank, a Federal Savings Bank, announced that it has received a preliminary indication of interest to be acquired by a financial institution through an exchange of stock.
To date, Pier 1 has received one preliminary indication of interest, but the entity submitting that indication of interest subsequently advised Pier 1 it would not continue further discussions with Pier 1 regarding a possible transaction.
USI Holdings Corporation (eIuUSIeIN or the eIuCompanyeIN), (NASDAQ:USIH) today announced that in response to an indication of interest received from a private equity firm in acquiring all of the outstanding common stock of the Company, the Board of Directors of the Company has formed a Special Committee consisting of outside directors to review the proposal and consider all of the Company's options.