The offer price is the price at which new securities, such as bonds or stocks, are made available for purchase by investors during an initial public offering (IPO) or a new issue. It represents the price at which the issuer is willing to sell the securities to investors. The offer price is typically determined based on various factors, including market conditions, demand for the securities, and the issuer's valuation.

Investors evaluate the offer price to assess the attractiveness of the investment opportunity and determine whether the securities are priced fairly relative to their perceived value. The offer price plays a significant role in the decision-making process for investors considering participating in the offering, as it influences the potential returns and risks associated with the investment.