A new securities issue that may be difficult to sell because of problems in the market or underlying problems with the corporation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An informal term for a new issue of securities that an underwriter has a difficult time placing with investors. This may occur because of problems with the market generally; for example, in a prolonged bear market investors are unlikely to be interested in a risky IPO. Alternatively, the sticky deal may result from well known or persistent problems with the issuer.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A new securities issue that an investment banker may find difficult to sell.
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.