Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
An institution allotted shares in a public issue a day before it opens to everyone else, at a price fixed in advance.
Read the names, not the amount. Reputable long-only funds anchoring a book is meaningful; a book made up of unfamiliar entities is not.
The lock-in on shares allotted to anchor investors in a public issue, released in two tranches — 50% at 30 days from allotment and the remainder at 90 days.
Split in two deliberately, so the entire anchor book could not become saleable on a single day. Both dates are arithmetic from the allotment date, which makes this the least private information in the market.