BOOK-BUILDING
\bˈʊkbˈɪldɪŋ], \bˈʊkbˈɪldɪŋ], \b_ˈʊ_k_b_ˈɪ_l_d_ɪ_ŋ]\
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The process of gathering firm ORDERS or INDICATIONS OF INTEREST for a NEW ISSUE of securities. UNDERWRITERS involved in the new issue carry out bookbuilding, and the results are used to determine final deal pricing and order allocations.
By Henry Campbell Black