bookbuilding
C1CEFR level
90/100Rarity: very rare
TechnicalRegister
Law noun
The process by which underwriters solicit and record investor demand to set the size and price of an offering.
Bookbuilding closed three times covered, so we nudged the price to the top of the range.
Business noun
The process of collecting investor bids to gauge demand and set an issue's price.
During bookbuilding the underwriters discovered demand was concentrated at the bottom of the range.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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