The offer document of an IPO has various important dates that inform the investors of the IPO schedule. These key dates also include the offer date.
The term offer date refers to the date when the shares of the company or any other security under the offer is first made available to the public for subscription. The offer date is decided by the company and the lead managers during the underwriting process. This date is then advertised heavily by the IPO issue’s lead managers to create awareness and get timely subscription from the public.
Why is it important
An offer date is when investors can subscribe or begin subscribing to the company’s offer of shares or other securities.