Pre-Syndicate Bid
A bid entered by a syndicate manager or underwriter in the Nasdaq system to stabilize the price of a Nasdaq security prior to the effective date of a registered secondary offering. The term "penalty bid" is also used.

Investopedia Says:
This is permissible under SEC Rule 10b-7; otherwise the practice is prohibited. Because the bid serves to stabilize the price of the stock, it helps facilitate distribution of the offering. This process is sometimes also referred to as "pegging".

Related Terms:
Nasdaq
Pegging
SEC
Secondary Offering
Syndicate Bid
Underwriting

• Ex-Legal
• Exordium Clause
• Exotic Currency
• Exotic Option
• Expansion
• Expectations Index
• Expectations Theory
• Expected Return
• Expense
• Expense Limit
• Expense Ratio
• Expense Ratio
• Expiration Cycle
• Expiration Date
• Explicit Cost
• Exponential Moving Average (EMA)
• Exponential Moving Average (EMA)
• Export
• Export-Import Bank Of The United States (Ex-Im Bank)
• Ex-Post
• Ex-Post Risk
• Exposure At Default (EAD)
• Exposure At Default (EAD)
• Expropriation
• Expunge