Offer for Sale/Subscription


Offer for Sale/Subscription
   There are two main ways to list new securities: an offer for sale is a public invitation by a sponsoring intermediary, such as an investment or merchant bank, of new or existing securities; and an offer for subscription or 'direct offer' is a direct invitation to the public by the issuer to subscribe for new securities.
   ► See also New Issue.

Financial and business terms. 2012.