Indication of Interest - IOI
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Definition of 'Indication of Interest - IOI'
An underwriting expression showing a conditional, non-binding interest in buying a security that is currently in registration (awaiting effectiveness by the SEC). The investor's broker is required to provide the investor with a preliminary prospectus.
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Investopedia explains 'Indication of Interest - IOI'
The IOI is non-binding because it is illegal to sell a security while still in the registration process.
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