An underwriting of securities where the offer price is determined by investor bids is Dutch Auction.
What is Dutch Auction?
A Dutch auction is a market structure where the price of something auctioned is decided after all offers have been considered to determine the greatest price at which the entire offering can be sold. Investors submit a bid in this kind of auction for the quantity and price of the goods they are willing to purchase.
A sort of auction in which an item's price is reduced until a bid is received is also referred to as a Dutch auction. If the price is higher than the reserve price, the first bid is the successful bid and results in a sale.
To learn more about dutch auction visit:
https://brainly.com/question/16892755
#SPJ4
