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overbooked |
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overbooked Describing a situation in which investors show so much interest in a new issue of a security that demand exceeds supply. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion the new issue. If more investors order shares than there are shares being issued, the security is said to be overbooked. This may affect the price when the security is actually issued. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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