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Question

What is "book-building"?

A
Preparing the income and expenditure ledgers of a company (book-keeping)
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B
Manipulating the profit and loss statements of a company
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C
A process of inviting subscriptions to a public offer of securities, essentially through a tendering process
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D
Publishers' activity
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Solution

The correct option is D A process of inviting subscriptions to a public offer of securities, essentially through a tendering process
Book building is the process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered.

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