indication of interest

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Indication of interest

A dealer's or investor's interest in purchasing (not commitment to buy) securities that are still in the underwriting stage and are being registered by the Securities and Exchange Commission.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Indication of Interest

1. A situation in which a potential buyer tells an underwriter that he/she might wish to buy a portion of a new issue. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion. Investors are required to be provided with a preliminary prospectus if he/she indicates interest. It is important to note that indications of interest are non-binding because it is illegal to sell a security that has not been issued. See also: Overbooked, Underbooked, Fully Subscribed.

2. More broadly, any situation in which a potential buyer makes an inquiry of a seller about a security. This shows that the buyer may wish to buy the security.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

indication of interest

An investor's expression of interest in purchasing part of a new security issue before the issue comes to market. Brokers frequently seek indications of interest from clients even though the indications are not firm commitments to purchase the security. Compare circle. See also underbooked.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Implats announced that, during the Invitation period, it had received indications of interest from Bondholders representing a further U.S.$29,800,000 in principal amount of the Bonds ('Indications of Interest'), who Implats understood were unable to submit Invitation Conversion Notices prior to the Expiration Deadline for administrative reasons.
The board reviewed these indications of interest and engaged in discussions with interested parties, but ultimately determined that further engagement would not result in a transaction that was in the best interest of shareholders.
Oklahoma City-based Roan announced on April 29 that it had received multiple unsolicited indications of interest for an outright purchase of the company and inquiries from potential consolidation partners.
Roan Resources announced that it has received multiple unsolicited indications of interest to purchase the company.
The company received correspondence in May 2016 and September 2016 as well, in which Patton Vision made unsolicited, non-binding indications of interest to acquire all of the same outstanding shares for USD17.00 per share.
Order books were opened for indications of interest on July 17 at 3 pm London time with an initial price guidance of mid-swaps minus 3 basis points.
Indications of interest, inquiries, applications, and nominations should be directed by email to Barbara Mendel Mayden, Young Mayden, LLC, bmayden@youngmayden.com.
"The next step is for Tata to define the formal sales process and request indications of interest. Then we assess our next step." His plan involves closing blast furnaces and retraining staff for other roles.
HEP accepted non-binding indications of interest for hub and transportation services on the Nueva Era system until July 17.
Indications of interest exceeded $1.6 billion overnight, which enabled the Bank to tighten price guidance to midswaps plus-1 basis points area when opening books at 8:15 am the following day.
NFP's board has formed a committee to consider a possible sale after receiving "indications of interest" from unidentified private equity firms.