Underbooked

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Underbooked

Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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 ?
Currently Welsh medium primaries in Barry are under-subscribed with a total of 295 places available.
Currently Welsh-medium primaries in Barry are under-subscribed, with a total of 295 places available.
The rich yield levels and the pick-up in risk appetite, along with uncertainties with respect to the G20 meeting and Iranian tensions might leave the auctions a little under-subscribed. However, expectations of hefty rate cuts this year could support, along with month-end index buying -- Bloomberg Barclays duration extension is estimated at 0.06 years.
"Interest has sadly waned over the years to the point many events were under-subscribed and no one really gave the overall result much credence.
In addition, the places at ACS (up to and including Year Six) are also under-subscribed, so the council proposes to reduce the number of primary places available to 210.
With a teaching and support staff of more than 100, the school, which has capacity for 1,000 pupils, is still slightly under-subscribed at around 867.
The report shows that at primary level, all schools are under-subscribed except St Joseph's Primary School, which is oversubscribed.
Around 16 schools face being shut down as part of Northumberland County Council's plans to cull under-subscribed and financially vulnerable schools.
Around 16 schools face being shut down as part ofNorthumberland County Council'splans to cull under-subscribed and financially vulnerable schools.
The Conservative administration has set out wide-ranging proposals to cull financially unsustainable and under-subscribed schools.