Pilot Fishing
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Definition of 'Pilot Fishing'A type of pre-marketing of an initial public offering (IPO) that involves testing investor sentiment to receive feedback on how the market may respond to an issue. Pilot fishing has led to much controversy because it could undermine the role of investment bankers by providing advice to clients about the price at which the IPO is launched. |
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Investopedia explains 'Pilot Fishing'Pilot fishing is practiced in |
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