HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » IPOs » best effort

Best Effort

Definition
An underwriting agreement in which the investment bank commits to making a best effort to sell Initial Public Offering (IPO) shares. Best effort agreements typically contain a provision that gives the underwriter the right to cancel the IPO if their best effort falls short of expectations. Compare to Bought Deal.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.