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blind pool

   Also found in: Financial 0.04 sec.
blind pool
n.
A start-up company that sells stock in a public offering without specifying how the investors' money will be spent.


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An unclear or unstated investment purpose, such as a blind pool for investing in the stock market at the planner's discretion
Beware of deceptive financial advisers: choose wisely when hiring ... by Anderson, James A. / Black Enterprise
The exemptions are not available for offers or sales of securities in any roll-up transaction, blind pool or an investment company subject to the Investment Company Act of 1940.
New law loosens rules affecting private offerings by Brandon-Brown, Elizabeth / Los Angeles Business Journal
Rosenberg, a German native manages a blind pool for 15 to 19 high net worth Europeans.
Advising foreign players: mix of U.S., off-shore ideas by Weiss, Lois / Real Estate Weekly
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