释义 |
pre-syndicate bid Pre-Syndicate BidAn order by a managing underwriter to buy or sell a security immediately before a secondary offering of the same security. The managing underwriter makes a pre-syndicate bid in order to stabilize the price of the security, which will make the secondary offering easier to place with investors. Pre-syndicate bids are only permissible under certain, defined circumstances set forth in SEC Rule 10b-7.pre-syndicate bid A stabilization bid prior to the effective date of a secondary offering. |