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The shares of a new issue that have not been placed with investors after most of the issue has been sold. Failing to place the tag ends may or may not result in the whole issue being canceled.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The remaining securities in a new issue that has been largely sold.
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.