Book-building process, or bookbuilding process
Māori translation:
Definition
The book-building process is how the final issue or offer price for an IPO is decided based on demand and price that institutional investors indicate they’re willing to pay for each of the company’s shares. If investors want to buy into a company’s IPO, the issue price might be at the higher end of the price band or above it. If investors show less interest, the issue price might be at the lower end or below it.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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