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Grey market

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Grey Market
Refers to the unofficial trading of shares or bonds before they have been formally issued in an initial public offering (IPO) or debt offering.
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Grey market
Trading in shares outside a recognized market.This has come to mean trading in shares ahead of their issue on the stockmarket.

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Also known as the "grey market". The term is used only for listing of new securities, either on a listing of a new issuer, a supplemental listing, or an additional listing of existing listed securities.

See also: Shares, Issue, Long, Member, Offer

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