The phrase "leaving money on the table" refers to the situation where an investment bank makes a very low bid for the right to underwrite a firm's new stock offering.The banker is in effect "buying the job" with the low bid and thus not getting all the money his firm would normally earn on the job.

Question

Quizplus · Accepted Answer

The phrase "leaving money on the table" refers to the situation where the initial offering price of a stock is set too low, and the stock's price increases significantly on the first day of trading, indicating that the company could have raised more capital if it had priced the shares higher. It does not refer to an investment bank making a low bid to underwrite a firm's new stock offering.

The Phrase "Leaving Money on the Table" Refers to the Situation