What is the meaning of Gray market?

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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APABarry Goldsmith. (2010). gray market. Retrieved September 24, 2026, from http://smartdefine.org/gray_market/definitions/1155111
ChicagoBarry Goldsmith. 2010. "gray market" http://smartdefine.org/gray_market/definitions/1155111 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, gray market, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/gray_market/definitions/1155111>.
MLABarry Goldsmith. "gray market" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/gray_market/definitions/1155111>
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