Show Summary Details

Quick Reference

A random selection of applications for an oversubscribed new issue of securities (see also flotation). The successful applicants may be granted the full number of securities for which they have applied or a specified proportion of their applications. Applicants not selected in the ballot have their applications and cheques returned.

Subjects: Financial Institutions and Services.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.