Purchase Group

0.01 sec.

Purchase group

See: Underwriting syndicate

purchase group

See syndicate.

Purchase Group

In investment banking, a group of underwriters responsible for placing a new issue of a security with investors. The members of a purchase group are independent from one another and only work together for the duration of the project. Every purchase group is a temporary arrangement. It is more commonly known as a syndicate.

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syndicate
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