https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=UndersubscribedUndersubscribed - Revision history2026-07-17T12:38:45ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Undersubscribed&diff=49493&oldid=previmported>Doug Williamson: Create page. Sources: Linked pages.2023-04-08T16:36:53Z<p>Create page. Sources: Linked pages.</p>
<p><b>New page</b></p><div>''Securities - sale - issue - primary market - subscription.''<br />
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Undersubscribed describes a situation in a new securities issue subscription process.<br />
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When the issue is "undersubscribed", fewer commitments to buy are received from the market than the number of available securities.<br />
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:<span style="color:#4B0082">'''''Sub-underwriter's commitment'''''</span><br />
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:"A sub-underwriter is a member of a new issue syndicate who agrees to buy a certain proportion of the issue from the managers should the issue be undersubscribed.<br />
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:They receive an underwriting fee and a selling concession on the principal amount of the securities for which they may subscribe."<br />
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:''Sub-underwriter - the Treasurer's Wiki.''<br />
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== See also ==<br />
* [[Book build]]<br />
* [[Concession]]<br />
* [[Issue]]<br />
* [[Offer for sale]]<br />
* [[Order book]]<br />
* [[Oversubscribed]]<br />
* [[Primary market]]<br />
* [[Sale]]<br />
* [[Security]]<br />
* [[Subscription]]<br />
* [[Sub-underwriter]]<br />
* [[Syndicate]]<br />
* [[Underwriter]]<br />
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[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]<br />
[[Category:Corporate_finance]]<br />
[[Category:Investment]]<br />
[[Category:Long_term_funding]]<br />
[[Category:Identify_and_assess_risks]]<br />
[[Category:Manage_risks]]<br />
[[Category:Risk_frameworks]]<br />
[[Category:Risk_reporting]]<br />
[[Category:Financial_products_and_markets]]</div>imported>Doug Williamson