A person who has applied to purchase shares in a company is referred to as ?

The person who has applied to purchase shares in a company is referred to as a subscriber. When a company is newly formed or issues new shares, it offers those shares to the public for purchase. Those who are interested in buying those shares need to fill out an application form and submit it to the company along with the required payment. This person is called a subscriber because they are subscribing to or agreeing to purchase a certain number of shares at a specified price. Once the company has received all the applications and payments, it will allot the shares to the subscribers, who then become shareholders in the company.