Question

Before the opening of a book-built IPO to the public, a company allocates 30% of the QIB portion to a few large institutional investors such as mutual funds and insurance companies. These investors commit substantial funds one day prior to the issue opening and are subject to a specified lock-in period. Their participation is intended to build confidence among other investors regarding the issue.  Such investors are best described as ____ 

A Preferential allotment investors
B Anchor investors
C Accredited Investors
D QIB Investors
E Lead Investors
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