Best efforts offering

An Underwriting in which an Investment bank, acting as an Agent, agrees to do ITS best to Sell the Offering to the Public, but does not Buy the securities outright and does not Guarantee that the issuing company will receive any set amount of Money. Less common than a firm Commitment offering.

Related Terms: 17 Agent, Buy, Commitment, ECU, Firm commitment offering, Guarantee, Investment bank, ITS, Money, Offer, Offering, Public, Right, Ring, SEC, Sell, Underwriting

Other Related Pages: Category: IPOs Starting With: B

Additional Related Terms: 10-K, Agent bank, Accrual of discount, Amortization of premium, At par, Agent, All or any part, At best, At call, Active money