When issuing securities with expected limited allotment – demand exceeds supply – subscribers quote higher amounts in order to – obtain the quantity actually targeted or – sell the security immediately on the oversubscribed market at a profit (the practice of buying initial public offerings at the offering price and then reselling them once trading has begun, usually for a substantial profit). – See order delay, concert underwriter, over-allotment option, rebbes, securities allotment information, oversubscription, subscription, secondary offering.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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