Glossary

Allocation

The number of shares distributed to an investor.

Block Offering

A block of shares available for purchase usually priced at or below market prices, usually without a registration statement. A block of shares for sale is announced after the market closes, usually at a discoun...

Brokerage

Refers to either an online brokerage or traditional brokerage whose clients make either directed or self-directed investments.

ClickIPO Investor Score

The score that ClickIPO keeps on all users, reflecting that user’s track record of buy-and-hold behavior and other factors. The ClickIPO Investor Score primarily influences the amount of Allocation of a particu...

Co-Underwriter

Underwriter, displayed on the upper right side of the prospectus that assists the Lead Underwriter.

Conditional Offer to Buy (COB)

A “COB” is the price that a customer is offering to pay for an IPO. The COB is for a range that is less than 20% above the top end of the “price range”. For a secondary offering, the COB does not have a “price ...

Conditional offer to Buy (COB) Price Range

The “COB Price Range” is any final price that is 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 i...

Effective Date

The date on which an Offering is cleared by the SEC. The price and shares to be sold are set.The stock will trade when the market is open.

Exchange

An exchange platform where investors can buy and sell stock. NASDAQ and NYSE are exchanges.

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