Finance
At-The-Money Convertible
September 22, 2022
Investment Banking
OTCBB Shell
September 23, 2022

A new stock issue on which demand exceeds available shares. In other words, the demand by subscribers on an initial public offering (IPO) is larger than the offering size. An overbooked (oversubscribed) IPO will typically trade above the offering price as soon as the shares commence trading on the secondary market. An issuer with an overbooked IPO may increase the offering size in order to meet excessive demand.

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