A Conditional Offer to Buy (COB) is an indication of interest to purchase a specified number of shares in an IPO at the Public Offering Price, contingent upon the registration statement becoming effective with the Securities and Exchange Commission (SEC). Submitting a COB does not guarantee an allocation of shares. The COB represents an investor's intent to purchase shares if the offering proceeds and if they receive an allocation.
What is a Conditional Offer to Buy (COB)?
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How will I know when an IPO is available to accept Conditional Offers to Buy?
Is there a commission charge for entering a Conditional Offer to Buy or receiving an IPO allocation?
Can a Conditional Offer to Buy be canceled or modified after the IPO has closed for new COBs?
Can a Conditional Offer to Buy be canceled or modified while the US IPO is open to accept COBs?