{"id":4234,"date":"2023-03-13T14:36:27","date_gmt":"2023-03-13T14:36:27","guid":{"rendered":"https:\/\/fisdomdevel.wpengine.com\/glossary\/open-bookbuilding-and-closed-bookbuilding\/"},"modified":"2023-03-13T14:36:27","modified_gmt":"2023-03-13T14:36:27","slug":"open-bookbuilding-and-closed-bookbuilding","status":"publish","type":"post","link":"https:\/\/www.fisdom.com\/glossary\/open-bookbuilding-and-closed-bookbuilding\/","title":{"rendered":"Open Bookbuilding and Closed Bookbuilding"},"content":{"rendered":"<p>\nIn the book-building process of an IPO, the price of shares is determined through a bidding process as per the demand for shares under each investor category. In an open book-building process, merchant bankers and underwriters along with the issuer will display the demand for securities on a public platform, such as, website of stock exchanges. This helps investors to know the demand for the company&#8217;s stocks in real-time and thereby place their bids within the price band accordingly. <\/p>\n<p>In a closed book-building process, the book and thereby the information related to the demand for the shares is not made public. Interested bidders have to thereby take a call without any information around bids submitted by other bidders.<\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>In the book-building process of an IPO, the price of shares is determined through a bidding process as per the demand for shares under each investor category. In an open book-building process, merchant bankers and underwriters along with the issuer will display the demand for securities on a public platform, such as, website of stock [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-4234","post","type-post","status-publish","format-standard","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts\/4234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/comments?post=4234"}],"version-history":[{"count":0,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts\/4234\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/media?parent=4234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/categories?post=4234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/tags?post=4234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}