The broker does not establish a predetermined price for the stock to be sold with in Dutch auction procedure for an IPO.
A bidders is a person offering to purchase an item from a seller in a market at a predetermined price. An individual or business may place a bid, and the prospective purchase may be a component of a multilateral negotiation or an auction. The seller of the asset often selects the bidding who offers the greatest price.
Potential Bidders are anyone who is qualified to provide the services under consideration for competitive bidding, including businesses, individuals, nonprofit organizations, employee business units, and other entities.
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