Book-building (BB) is a method commonly used in financial markets, particularly during initial public offerings (IPOs), whereby investment banks, brokers, and underwriters evaluate investor interest in a security by requesting indications of interest from potential investors. This process typically enables underwriters and lead managers to assess the level of interest and set the offering price for the security. It entails collecting bids from interested investors and consolidating them in a single "book", to ascertain market demand and fine-tune pricing for the security being offered.
Astana International Exchange offers its clients BB services in two scenarios:
- Classic, i.e. price discovery: Investors specify the price/ coupon rate/ yield, and the quantity of securities they are willing to acquire.
- At strike: Investors specify the monetary amount they are willing to invest in purchasing securities at the final strike price.
For an overview of the process and assistance with submitting BB application, please contact the AIX Market Operations Department (MOD). The MOD team will provide details of the process from start to finish, including applicable fees.
