Indication of Interest (IOI)
An underwriting expression showing a conditional, non-binding interest in buying a security that is currently in registration (awaiting effectiveness by the SEC). The investor's broker is required to provide the investor with a preliminary prospectus. Investopedia Says:
The IOI is non-binding because it is illegal to sell a security while still in the registration process. Related Terms:
IPO
Prospectus
Underwriting |