In a capital raise, the "bid price" refers to the price investors are willing to pay for shares, while the "offer price" is the price the company is offering them at.
Investors might bid higher than the offer price, especially if they anticipate a strong demand and want to secure a larger allocation
thanks for sharing but I have a feeling that it will be oversubscribed and also wondering if the actual bids may go higher than offer price due to more bids
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