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Allotment

The amount of initial public offering (IPO) securities that is allocated to each underwriter (if two underwriters or more are…

Penalty Bid

A fee that is charged by an underwriter (bookrunner) when investors flip an initial public offering (IPO) issue (i.e., sell…

Preliminary Prospectus

The preliminary document of an initial public offering (IPO) that is prepared after the registration statement is filed with the…

Pre-IPO Prospectus

A rudimentary prospectus that is circulated prior to an initial public offering (IPO) in order, and after the price range…

Quiet Filing

A preliminary prospectus that intentionally lacks certain facts about the initial public offering (IPO). This involves the filing of a…

Quote-Only Period

A period of time that precedes trading on an initial public offering (IPO) in which NASDAQ accepts buy and sell…

Exit Strategy

In the context of venture capital and private equity investing, exit strategy refers to the method by which an investment…

Completion

The declaration that an initial public offering (IPO) has been completed. The success of an IPO deal cannot be claimed...

Aftermarket Performance

An indication of a new issue’s performance after it has gone public (through an initial public offering (IPO)). The advance…

Aftermarket

The public trading market that is formed once an initial public offering (IPO) has been distributed and the stock has…