blank check offering

blank check offering
An initial public offering by a company whose business activities are undefined and therefore speculative. Bloomberg Financial Dictionary

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blank check offering blank check offering offering

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blank check offering UK US noun [C] FINANCE, STOCK MARKET
a situation in which people are asked to invest money in companies although they do not know what type of business activity they are investing in: »

There have been 23 blank check offerings so far this year.


Financial and business terms. 2012.

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