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 ?
This is as the BSP opted not to open its 28-day special deposit window in the wake of persistent undersubscription.
You can see the rates, and I guess there's very tight liquidity because we've seen the undersubscription.
The BSP also earlier slashed to P150 billion the total TDF volume offered during the month of September from P180 billion previously mainly due to undersubscription.
Yet Asia's aggregate undersubscription to the Court masks significant variation at the sub-regional level.
Charles Chao, the chief executive of Chinese online power Sina, Weibo's parent, shrugged off the undersubscription, saying it was mainly important to achieve the listing and establish Weibo's separate identity.
Charles Chao, the chief executive of Chinese online power Sina Corp, Weibo's parent, shrugged off the undersubscription, saying it was mainly important to achieve the listing and establish Weibo's separate identity.
Moreover, because the value per property share increasingly falls as additional ticket holders register with one and the same piece of property, any oversubscription or undersubscription of specific properties would be avoided or weeded out quickly.
This protects the issuer against undersubscription, which can occur if a large proportion of investors don't exercise their rights or if bad news causes the market price of the share to fall below the subscription price.
Undersubscription can also be a problem, unless the sponsor uses its own funds to close the transaction.
495 percent Wednesday on buying prompted by an extremely rare undersubscription of the Bank of Japan's JGB-buying operations during the day.
This addition reflects the market's shrinking appetite for excess reserves and the increased incidence of undersubscription in the Bank's funds-applying operations.
In FY2001] undersubscription for fund providing operations was not uncommon" (BoJ 2002, 1).