Best Efforts
Investment bankers, acting as agents, try to sell a high-risk issue to the public. It is an offering in which the investment banker agrees to distribute as much of the offering as possible with the unsold shares returning to the issuer.
Investment bankers, acting as agents, try to sell a high-risk issue to the public. It is an offering in which the investment banker agrees to distribute as much of the offering as possible with the unsold shares returning to the issuer.