oversubscribed
adjective
uk/ˌəʊvəsəbˈskraɪbd/ us STOCK MARKET
if a share issue (= occasion on which new shares are sold) is oversubscribed, people want to buy more shares than are available:
5/10/50, etc. times oversubscribed The initial public offering of the internet service provider has been more than 20 times oversubscribed.
The company was valued at €20.8 billion in a heavily oversubscribed flotation.
a situation in which people want to buy or have many more things, such as tickets, than are available:
The school has an excellent reputation and is heavily oversubscribed.
oversubscription
noun [ C or U ]
The level of oversubscription is greater than we might have expected.