Book-building (BB) is a method commonly used in financial markets, especially 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 gathering them in a single "book," to ascertain the market demand and fine tune the 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 quantity of securities they are willing to acquire.
- At strike: Investors specify the monetary amount they are willing to spend on purchasing securities at whatever the strike price will be.
To get an overview and assistance with applying for BB, please reach out to the AIX Market Operations Department (MOD). They will provide details about the whole process from start to finish, and applicable fees.