Underbooked

(redirected from Under-Subscription)

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 ?
In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance equity shares shall be added to the net QIB potion.
He said: "The minister has increased the capital budget of the Irish medium sector five-fold over the past two and half years despite there being a clear under-subscription of some 830 places.
Global Banking News-30 July 2008-Egypt's NBD reports under-subscription of rights issue(C)2008 ENPublishing - http://www.
6 percent of New Loral common stock or their pro rata share of $30 million in cash, subject to adjustment for over-subscription or under-subscription.
Recent developments support Fitch's expectation of modest growth, including the under-subscription of requests by tribes for Class III slot licenses made available by the state government in October 2009 (of the 10,549 licenses made available a little more than 3,500 were requested).
QWHEN we found a school for our son to study for his A-levels his main subject, music, was withdrawn due to under-subscription.
In the second tranche, for which the Company will seek stockholder approval, the Company will cover over- or under-subscription of the first tranche and may issue up to an additional 3 million shares to raise up to nearly another $2 million from accredited investors for a total aggregate issuance of up to 9.
Performance Vision helps carriers avoid problems associated with over-subscription and under-subscription by monitoring network performance in real-time.
Due to the under-subscription, shares tendered will be pro-rated at a factor of 49.
Under-Subscription Of Issuer Bid Demonstrates Strong
Although, we offered to buy back shares at a 15% premium, the under-subscription sends a strong vote of confidence in CryptoLogic," said Jean Noelting, CryptoLogic's president and CEO.
CiberLynx believes that in the ever-expanding world of e-business, under-subscription is the only answer.