Underwriter's Cutback
The right of an underwriter to reduce the number of securities being sold in an offering, generally the number of those securities being sold by selling stockholders. This right is designed to facilitate the company's public offering. The cutback is usually pro rata to all selling stockholders in proportion to the shares they intend to sell. Also referred to as a haircut.
- Parte del discurso: proper noun
- Industria/ámbito: Servicios financieros
- Categoría:
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Creador
- kirb
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