What is cut-off price.?



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What is cut-off price.?

2 Answer(s)


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n Book building issue, the issuer is required to indicate either the price band or a floor price in the red herring prospectus. The actual discovered issue price can be any price in the price band

or any price above the floor price. This issue price is called "Cut off price"

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Book building issue, the issuer is required to indicate either the price band or a floor price in the red herring prospectus. The actual discovered issue price can be any price in the price band or any price above the floor price. This issue price is called "Cut-off price".