The “COB Price Range” is the range in which a COB will be accepted provided that the final price is within the “COB Price Range”. The range is any final price that is less than 20% below the low end of the price range and less than 20% above the high end of the price range. As an example, a COB for an offering with a price range of $18-$20 would still be valid if the final price is above $14.41 and below $23.99. Keep this in mind when placing a COB.
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