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 is below $23.99. Keep this in mind when placing a COB.
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 range" because pricing is based on, and ...
What if an IPO is priced above or below the price range?
As long as the final price is not 20% above the "price range", your "conditional offer to buy", is still valid. As an example, an offering with a price range of $18-$20 could be priced as high as $23.99 and your "conditional offer to buy" will still ...
What if an IPO is priced 20% or more above or below the price range?
If an offering prices 20% or more above the high end of the price range, your "conditional offer to buy", is no longer valid. We will send you a notice and you will have a limited amount of time, 60-90 minutes to reconfirm your order. If your order ...
An estimated range, usually in $2.00 increments ($18-$20 as an example) within which an Offering is expected to be priced. This range can change during the Registration Period and is only a guide. A final price will be chosen on the Effective Date.
What is a price range and what does it mean?
The price range of an offering is usually in $2 increments ($18-$20 as an example). The Underwriters and Issuers believe the company is worth a price per share in this range. Institutional Investors place orders usually within this range, but ...