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Book Runner

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Book runner
The managing underwriter for a new issue. The book runner maintains the book of securities sold.

Book Runner
Informal; in investment banking, an underwriting firm that leads a syndicate. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The book runner assigns parts of the new issue to other underwriters for placement, and usually takes the largest part itself. It is also called a managing underwriter or syndicate manager.


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Punk, Ziegel & Company was the sole book runner and lead managing underwriter.
Punk, Ziegel & Company is the sole book runner and lead managing underwriter.
is the lead manager and book runner for this offering and Keefe, Bruyette & Woods, Inc.
 
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