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Finance Dictionary and Glossary of Investment Terms
Gray Market
Definition 1.
1. An unofficial market where new issues of shares are bought and sold before they officially become available for trading on the stock exchange. 2. The sale of goods by unauthorized dealers.
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Definition 2.
Describes the sale of securities that have not officially been issued to firms other than the underwriting syndicate. This type of market serves as a good indicator of demand for a new issue in the public market.
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