Issue by tender, also known as sale by tender, is a method where an issuing house invites investors to submit bids for a new issue of shares or other securities. The securities are subsequently allocated to the highest bidders, with a specified minimum price.
An invitation to the general public to purchase the stock of a company through an intermediary, such as an issuing house or merchant bank. It is one of the most frequently used means of corporate flotation.
A public offering involves inviting the public to apply for a new issue of shares or other securities, typically through advertisements in the national press and at a price fixed by the issuing company.
