Circle

(redirected from Circum)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia.
Related to Circum: female circumcision

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.
References in periodicals archive ?
The third part is devoted to PGE accumulations in komatiitic magmatism and highlights the Paleoproterozoic Circum Superior Ni Cu Fe sulphide-bearing occurrences.
Circum Minerals subsidiary Circum Minerals Potash owns 100% interest in the mining license, which encompasses 365km of large-tonnage, shallow potash deposit.
MARK "missin ignore Shawc Imm Etihad, 16 minu as a su Swede show' t Hug was a f skipper textboo City wa Shawc formid Hug players think E "In t brief op can do circum go as w "Fro if he's b interna shame for us s Hughes said: "I see other players getting opportunities and I think England are missing a trick.
Formerly the Antiope Clipper, the boat, built in 1996, circum navigated the globe four-times while owned by legendary sailor Sir Robin Knox-Johnston.
Lron cot size 7x3, gi pipe (2' circum) (lsd, 12 mm marine plfwood (is standar4 is n0 : 1975) including mosquito net pole and head rest (1" ci pipe) with good finishing/ workmanship 14 nos.