释义 |
Fully Subscribed Fully SubscribedDescribing a situation in which an underwriting syndicate places a new issue in the exact amount it is issued. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion the new issue. If investors agree to buy the exact amount that is issued, the security is said to be fully subscribed. A fully subscribed issue indicates that the issuer priced it perfectly, creating an equilibrium of supply and demand. This can be quite difficult to do. See also: Overbooked, Underbooked. |