Market soundings are a useful tool for determining interest in potential upcoming primary transactions, aiding price discovery without sensitive information being shared. Crucially they also give investors, such as asset managers, a chance to influence the structure and price of the offering. As such they play an important role in
FCA fires warning shot over market soundings and insider trading
The UK FCA’s Market Watch 75 has published observations on market soundings, voicing concern about potential insider trading.
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