Home > Term: book building
book building
Also: book building procedure. Procedure in an initial public offering or issue of other securities in which the price expectations of large institutional investors are taken into account before the actual issue price is set. In contrast to a fixed-price procedure, the issuer carries the placement risk for book building.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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- Stefan K
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