Syndicate Bid
A bid that can be entered in the Nasdaq system to stabilize the price of a Nasdaq security prior to the date of a secondary offering.
Investopedia Commentary
A secondary offering increases the float. Therefore, stock prices of that security may fluctuate a syndicate bid tries to stabilize this.
Related Links
Markets Demystified
Brokerage Functions: Underwriting And Agency Roles
See also: Float, Pre-Syndicate Bid, Secondary Offering