carnet d'ordres

Traductions

• anglais

  Auteur : Office québécois de la langue française, 1998

  Note :

  Investors are asked to indicate the amount and price at which they would subscribe for securities. They are offered the incentive to participate in this shadow auction process by being offered the guarantee that they will be able to receive securities at the price they informally indicate, or be allowed to increase the price in order to be assured of the quantity they require. Thus, the lead manager is given information on the likely demand for the issue and the price at which the issue can be successfully brought to the market. Book building is principally used for equity issues where there is some difficulty over establishing the market price and/or demand. It has become increasingly the major means of setting the issue price for large initial public offerings or secondary public offerings.

  Termes :

  1. book building
  2. book-building