An issue of shares where intermediaries such as brokers and investment banks apply for shares on behalf of their own client base. A method of issuing shares used by companies which are obtaining a listing of their shares for the first time. Dresdner Kleinwort Wasserstein financial glossary
See also offer for subscription, offer for sale, placing and introduction. Dresdner Kleinwort Wasserstein financial glossary
Financial and business terms. 2012.