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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PLN conducts the bookbuilding process on July 10, 2019 starting from the morning of the opening of the Asian market, and the final price is determined on the same day.
According to the company, to carry out this share placement, its board of directors, based on the issue authorisation granted by the annual general meeting held on 25 September 2018 and after a completed bookbuilding procedure, resolved on a directed issue of 22,948,535 shares at a subscription price of SEK7.19 per share.
The price at which the shares are sold will be determined by way of an accelerated bookbuilding process.
NEI has agreed to a 60-day lock-up period from yesterday, subject to waiver with the prior written consent of a certain manager conducting the bookbuilding process and to certain customary exceptions.
The Private Placement took place through a bookbuilding process managed by ABG Sundal Collier ASA, DNB Markets and Pareto Securities as Joint Bookrunners.
The price of the Egyptian Offer has been determined via a bookbuilding process with qualified institutional investors and high net worth individuals who are clients of the Global Coordinator or the Joint Bookrunners.
Bookbuilding was done Wednesday night with the help of investment banks UBS and CLSA.
Dubai-based oil rig supplier Shelf Drilling has cancelled its London initial public offer of shares in an unsurprising move given the lack of any messaging on subscription levels or price guidance during bookbuilding."This decision has been reached due to challenging public market conditions despite a positive response from prospective investors to the company, its strategy and operations," the company said in a regulatory statement.
The placement of 8,629,385 new shares took place via an accelerated bookbuilding procedure with domestic and international investors.
The company placed 7.17m shares at a price of EUR8.5 (USD11.25) apiece with qualified investors through an accelerated bookbuilding procedure.
Summary: Order books fully covered on first day -- sources; Bookbuilding on mega-float due to stay open until May 18; Glencore offering shares at 480-580 pence each
The final subscription and offer price was set at EUR25.50 per new share after the expiry of the subscription and offer Period and the completion of the bookbuilding process.