InterviewSolution
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What Does "price Discovery Through Book Building Process" Mean For An Ipo? |
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Answer» "BOOK Building" for an IPO means a process undertaken by which a demand for the securities PROPOSED to be issued by a body corporate is elicited and built up and the price for the securities is assessed on the basis of the bids OBTAINED for the quantum of securities offered for SUBSCRIPTION by the issuer. This method provides an opportunity to the market to discover price for securities. "Book Building" for an IPO means a process undertaken by which a demand for the securities proposed to be issued by a body corporate is elicited and built up and the price for the securities is assessed on the basis of the bids obtained for the quantum of securities offered for subscription by the issuer. This method provides an opportunity to the market to discover price for securities. |
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