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Circle
(redirected from runs round in circles)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
Circle
Underwriters, actual or potential, often seek out and "circle" investor interest in a new issue before final pricing. The customer circled has basically made a commitment to purchase the issue if it is available at an agreed-upon price. If the actual price is other than that stipulated, the customer supposedly has first offer at the actual price.

Circle
Informal; to attempt to find investors for underwriting purposes. Before a new issue, underwriters circle potential investors, who may or may not book an order to buy a portion. Potential investors are provided with a preliminary prospectus if they are circled and indicate interest. It is important to note that circling is non-binding because it is illegal to sell a security that has not been issued. See also: Overbooked, Underbooked, Fully Subscribed, Indication of Interest.

circle
A process used in finding interested buyers of a new security issue before determining the final price. A potential customer will be given a preliminary price (for example, the interest rate for a bond or the selling price for a stock) and will commit to a purchase if the issue is actually priced at the preliminary estimate. A different price permits the customer to back out or to get the first chance to buy the issue at the new price. Compare indication of interest.


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They are both scared of the Hoover, Buddy disappears and Peanut runs round in circles.
He runs round in circles after his dinner and his eyes turn white when he's sleeping.
Byline: ROS WYNNE-JONES LITTLE Jamie Parkinson runs round in circles on a worn patch of carpet, his arms outstretched and his chest wheezing.
 
 
 
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