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Understanding Reverse Book Building by Rajat Pal is a document available to read on EtoBox.

What is Understanding Reverse Book Building about?

Reverse book building is a mechanism for companies to delist shares through a buyback process. Shareholders submit sell orders through book running lead managers at various above-floor prices during the open period. The acquirer appoints a designated book running lead manager to collect offers and trading members to place orders after shareholders deposit shares. The book running lead manager determines the final acceptance price and provides an order file to the clearing corporation.

Author

Rajat Pal

Language

EN