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Subscription

An agreement to buy a new issue of a security before it is actually issued. Before a new issue, underwriters canvass potential investors, who may or may not make an order to buy a portion of the new issue. The extent to which the issue is subscribed may affect the price when the security is actually issued. It is important to note that a subscription is not binding, as it is illegal to sell a security that has not actually been issued. To subscribe is also called to book. See also: Overbooked, Underbooked.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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To use rights for ordering securities sold as a new issue.
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 ?
For students who are already subscribed to Hulu Limited Commercials plan, their account will simply be merged into the new Spotify and Hulu bundle.
Aterra said it is acquiring the subscribed shares for investment purposes and continues to monitor the business, prospects, financial condition and potential capital requirements of GB Minerals.
As per the package subscribed, customers are also eligible to get a free or discounted smart phone: For example, Ultra package with a 12-month contact offers a Blackberry Torch 9800 for AED409, iPhone 4 (16GB) for AED 429 or Samsung Galaxy S (16GB) for AED 449.
"Kingdom Holding and its chairman Prince Alwaleed bin Talal subscribed in the initial offering of General Motors for $500 million, which represents 1 percent of the value of the company," the firm said in a statement.
The attractive part of the deal is that each institution gains access to all of the titles subscribed to by all of the institutions in its consortium.
Jamal Al Hai, Chairman of the Founders Committee, said: "We have adopted the concept of proportionality in the allocation as a fairer method because it allows all subscribers to get an allocation as per the percentage of their subscribed amount out of the total subscription.
The shares that remain unsubscribed at the end of the stock market offer will be subscribed by joint bookrunners Barclays Bank plc, BNP Paribas (EPA:BNP), Mediobanca (BIT:MB), Nomura International plc, Banco Santander SA (MCE:SAN), Societe Generale Corporate & Investment Banking, the Royal Bank of Scotland (LON:RBS) and co-bookrunner ING Bank NV.
"Just like with friends, you can choose how many and what types of updates you see after you've subscribed," adds Ross.
In terms of investor type, asset and fund managers subscribed for 63% of the deal, commercial and investment banks subscribed for 9%, private banks subscribed for 15% and insurance/pension funds subscribed for 4%.
Clean energy company Valoe Oyj (HEL:VALOE) announced on Friday the resolution by its board of directors to subscribe in total to 3,065,000 new shares (subscribed shares) in the share issue without consideration, resolved by the company on 15 July 2019.
The summary of the number of shares offered and subscribed for is as follows:
5 March 2010 A[cent sign]a'[not sign]a[euro]oe National Bank of Greece (ATH:ETE) and subsidiary National Bank of Greece (Cyprus) Ltd have fully subscribed Sidenor's (ATH:SIDE) EUR10m (USD13.7m) bond, the Greece-based steel products firm said.