Is there a thing as too many LOIs at a time?

searcher profile

May 21, 2025

by a searcher in London, UK

Is there a rule of thumb about issuing many LOIs at a time? Would you suggest limiting to one at a time until the deal pulls through? Or would you suggest simultaneously?
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commentor profile
Reply by an intermediary
from The Johns Hopkins University in Gainesville, FL, USA
Multiple LOIs is fine if and only if you have the resources to do due diligence and close on every deal that you propose. Otherwise you are wasting sellers' precious time and resources. As ^redacted‌ suggested, the Golden Rule applies. And as ^redacted‌ suggests, you should not be promulgating an LOI without appropriate initial diligence.
commentor profile
Reply by a searcher
from INSEAD in San Francisco, CA, USA
Submitting multiple LOIs? Completely fine. This is a numbers game. Brokers are shopping your offer around looking for the highest $ - don't let them convince you otherwise. Being under LOI for multiple companies? That's where I draw the line. IMO just pick the best opportunity and run with it. QoE is too expensive.
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