bookbuild
Noun
Meaning
bookbuild (plural bookbuilds)
(finance) A float of shares where the final price is determined only after a bidding phase.
Examples
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.
Blackstone has cut its stake in Intertrust, the Dutch provider of trusts and fund services, after an accelerated bookbuild on Wednesday night.
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.