Underbooked

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Underbooked

Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.

Underbooked

Describing a situation in which investors show a lack of interest in a new issue of a security. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion of the new issue. If investors do not show interest, the security is said to be underbooked. This may affect the price when the security is actually issued. See also: Fully circled.

underbooked

Of, relating to, or being a new security issue in which investment bankers find a general lack of interest among investors before the issue date.
References in periodicals archive ?
Travelling by air in the past often meant long-haul scheduled flights were under-booked and you could, if you were lucky, get three seats to yourself at the side, or sometimes, a four-seat spread in the middle of the plane and get a decent kip.
PEOPLE are being urged to donate blood over New Year and into 2018 after some post-Christmas clinics were "significantly under-booked".
The ability to see who is over or under-booked is a powerful project management tool.
But some hoteliers in the city fear that instead of the predicted shortage of beds in the city, they will be under-booked for most of the year.
With that go some of the luxury and flexibility that the lines had when they could break even on under-booked cruises; but in return we can be assured that we, the customers, are getting what we asked for and paid for.