Noun
bookbuild (plural bookbuilds)
(finance) A float of shares where the final price is determined only after a bidding phase.
An overnight bookbuild in Oil & Gas Development Co this week reopened the market for Pakistan equity deals, as investors clamoured for shares in the Prp5.7bn ($49.7m) offering. Source: Internet
Blackstone has cut its stake in Intertrust, the Dutch provider of trusts and fund services, after an accelerated bookbuild on Wednesday night. Source: Internet
The Frankfurt IPO of German real estate developer Instone finished on a strong note on Wednesday, despite the company having to bookbuild during an extraordinarily volatile week for equity markets. Source: Internet