OVERSUBSCRIBED
A situation in which the demand for an initial public offering (IPO) of securities exceeds the total number of shares issued. An oversubscribed IPO is one where there are more buyers than issued shares. It is generally expressed in terms of a multiple, such as "ABC IPO oversubscribed two times," meaning there is a demand for two times the number of shares that will be issued.
Ideally, the security's price will be set at the exact price at which all the issued shares can be sold to investors so there is neither a shortage nor a surplus of securities. In the event there is more demand for a public offering then there is supply (creating a shortage), a higher price could have been charged and the issuer could have raised more capital.
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Bankable Funds
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 07:00 | Economy Watchers Survey | Oct | |
| 10:30 | New Yuan Loans | Oct | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
