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12 june
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Closed subscription

Term meaning Closed subscription

1) placement of issued securities only among the founders or, by their decision, among attracted investors, whose candidacies do not raise objections from any of the founders; 2) private placement of securities. In this case, the investment dealer usually acts as an agent for the issuing company, for which he receives a commission. An issuance memorandum is issued, which does not specify a number of significant circumstances, for example, the issue price. In the case of a private placement, securities are secretly distributed among a few institutional investors.

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