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Investment Banking

  Investment Banking   |   Terms
  • 801
  • March 27, 2021
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To commit to purchase securities issued at an initial public offering (IPO). This represents an agreement of intent to buy the securities at some future date. Investors who subscribed to a given company’s new issue can use their rights for ordering the securities during a specific period of time (subscription period) after which the rights to subscribe will expire worthless.


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