An underwriting in which an investment bank, acting as an agent, agrees to do its best to sell the offering to the public, but does not buy the securities outright and does not guarantee that the issuing company will receive any set amount of money. Less common than a firm commitment offering.
Related information about best efforts offering:
- What is best efforts offering? definition and meaning
Definition of best efforts offering: An underwriting in which an investment bank, acting as an agent, agrees to do its best to sell the offering to the public, but does ...
- Best Efforts Offering - Business Finance
Best Efforts Offering - What is best efforts offering? An investment bank or broker dealer, who agrees to do its best to sell the company security offering to the ...
- best efforts offering - FX Words
In underwriting, best efforts refers to an investment bank's assurance that...
- What is a Best Efforts Offering?
Just as with the firm commitment offering, the best efforts offering is an arrangement where an agent agrees to take on the task of selling securities on behalf of ...
- Best Efforts Agreement Definition & Example | InvestingAnswers
Additionally, Rule 15c2-4 requires underwriters to deposit the proceeds from a best-efforts offering into an escrow account or special bank account until the ...
- best efforts offering - Law dictionary
USA I best efforts deal, Also known as best efforts offering. A bank loan financing where an agent bank agrees to use its best efforts (or commercially reasonable ...
- Best Efforts Offering | Startup Lawyer
A Best Efforts Offering is a type of offering of a startup's securities in which the underwriter(s) only guarantee their “best effort” to sell the startup's shares.
- Best effort offering - Educate Yourself - Under the Oak
However, it is not like a traditional bank in that it does not accept deposits or make loans. A Best Efforts Offering... A "best effort offering" is a type of IPO in which ...