What does the cut-off price mean?
The cut-off price is the price at which a company sells its
shares to investors. It's like the last price you offer to buy something at an
auction.
This price is crucial because it decides who gets the shares
and at what cost. It helps the company figure out how much demand there is for
their shares and what the right price should be.
So, in an IPO (Initial Public Offering), the cut-off price
is the final price investors pay to get the company's shares.
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