private placement

American  

noun

Finance.

1. a sale of an issue of securities by the issuing company directly to a limited number of investors, often only one or two large institutional investors, such as a bank or an insurance company (public offering ): required to be cleared but not registered with the Securities and Exchange Commission.

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Example Sentences

Ackman is targeting a potential $10 billion closed-end offering for Pershing Square USA and already has $2.8 billion lined up from a group of buyers in a private placement who will get a sweeter deal than public buyers at 30 shares of the management company for every 100 shares of the closed-end fund.

From Barron's

The investors who have committed to purchase $2.8 billion of the new Ackman fund in a private placement are getting a bigger bonus—30 shares per 100 of the CEF—versus 20 share per 100 for public buyers—to help guard against the risk of a steep discount on the new fund when it starts trading.

From Barron's

Ackman is targeting a potential $10 billion closed-end offering for Pershing Square USA and already has $2.8 billion lined up from a group of buyers in a private placement who will get a sweeter deal than public buyers at 30 shares of the management company for every 100 shares of the closed-end fund.

From Barron's

The investors who have committed to purchase $2.8 billion of the new Ackman fund in a private placement are getting a bigger bonus—30 shares per 100 of the CEF—versus 20 share per 100 for public buyers—to help guard against the risk of a steep discount on the new fund when it starts trading.

From Barron's

The company is seeking an aggregate offering size of at least $5 billion, including $2.8 billion in gross commitments from a private placement that will be settled in tandem with the IPO.

From The Wall Street Journal