A startup company that sells stock in a public offering without specifying how the investors' money will be spent.
(plural blind pools)
- (finance) Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.
blind pool - Investment & Finance Definition
A type of limited partnership that doesn’t specifically state what kind of investments the general partner will make. Those in this limited partnership are blind to the intended investments.