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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RUSAL, one of the leading global aluminium producers, announces the close of the book building process for the second placement of its 10-year ruble-denominated bond with a 3.5 year put option on the Moscow Exchange with the nominal value of 15 billion rubles.
Piraeus Bank has said that it has completed the book building process for the issuance of 10NC5 dated subordinated notes worth EUR400m, through its wholly owned UK subsidiary, Piraeus Group Finance Plc and under the EUR25,000,000,000 Euro Medium Term Note Programme.
M2 EQUITYBITES-June 21, 2019--Piraeus Bank completes book building process for subordinated notes offering
Following the completion of the institutional book building process, the one day retail offering took place on May 9, 2019.
'There are some fundamental questions: if brokers/investment banks wanted to offload the stock on the first day, then why did they buy the stock in book building? Was it done merely to create over-subscription and raise public appeal for the stock during the IPO?' said Mr Jafri.
The two-day book building process was over-subscribed by 1.37 times with price closing at Rs.
The electronics manufacturer aims at collecting Tk 1 billion from the capital market through initial public offering using the book building method for conducting the activities of factory's expansion, modernisation, research and development, repaying partial bank loans and meeting IPO expenses.
According to At-Tahur's IPO prospectus 'The issue is being made through the book building process at a floor price of Rs20.00 per share (including a premium of Rs10.00 per share) with an upper limit of 40 percent above the floor price.
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%).
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.