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oversubscribed business definition
- Or, relating to, or being a new security issue for which there are more requests to purchase securities than there are securities available for sale. For example, brokers may take a sufficient number of preliminary orders for a new issue of stock for which there are insufficient shares available to satisfy the demand. Also called overbooked.
- Of, relating to, or being a buyback or takeover attempt in which more securities are offered than the purchaser has agreed to buy. In such a case, the purchaser may decide to buy the additional securities or may buy the agreed-upon number on a pro rata basis.
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