Fully Bought Deal/Bought Deal
Categories: IPO, Banking, Regulations, Investing
When an investment bank takes a company public in a bought deal or fully bought deal, they promise to buy all the shares of that IPO. (A nanosecond later, they will generally turn around and re-sell them at a mark-up to cardiologists in the mid-west who all want to buy 100 shares of whatever.com is hot.)