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Used in the context of general equities. Announcement that a holder of securities wants to sell and will entertain bids.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An indication or announcement that an investor or broker-dealer wishes to sell a certain security at a certain price, especially when there are no current buyers. A bid wanted is analogous to a bid, which is essentially the same thing from the buyer's perspective. The price on a bid wanted is called the offer.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
bid wanted (BW)
Notice given by a security owner that a security position is available for sale and that purchase offers will be considered. A bid wanted announcement is the initial step in seeking an interested buyer with the final price to be negotiated later.
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.