offer for sale


Also found in: Legal, Acronyms.

offer for sale

a method of raising new SHARE CAPITAL by issuing company shares to the general public at a prearranged fixed price or by tender.

A company usually makes an offer for sale by placing its PROSPECTUS and application form for shares in a newspaper to invite the public to subscribe for shares. The application details will specify the deadline by which all application forms and accompanying cheques from prospective buyers must be received. At the deadline date, lists will be closed and shares allocated among successful subscribers (see ALLOTMENT); monies will be returned to unsuccessful applicants. See SHARE ISSUE, OVERSUBSCRIPTION.

offer for sale

a method of raising new SHARE CAPITAL by issuing company shares to the general public at a prearranged fixed price. See SHARE ISSUE.
References in periodicals archive ?
Crecca, HCC president and chief executive officer, "Earlier this year, we announced plans to offer for sale each of Haights Cross' operating businesses.
We are pleased to offer for sale this well presented, 3 bedroom detached property.
A bank may not permit any person to sell or offer for sale any insurance product or annuity in any part of its office or on its behalf, unless the person is at all times appropriately qualified and licensed under applicable State insurance licensing standards with regard to the specific products being sold or recommended.
All New Jersey Savings League members were permitted to submit properties to offer for sale at auction.