Agoracom: Small Cap Investment - POET Technologies Inc. - Bought Deal

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Bought Deal - Banks hungry

posted on Mar 12, 2018 02:28PM

What is a 'Bought Deal'

A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company. A bought deal eliminates the issuing company’s financing risk, ensuring it will raises the intended amount. However, the client firm will likely get a lower price by taking this approach instead of pricing it via the public markets with a preliminary prospectus filing.