major bracket

Major Bracket

In bracketing, the second largest underwriting group responsible for placing a certain amount of a new issue with investors. The major bracket is the second largest, and is sometimes used interchangeably with "mezzanine bracket." Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.

major bracket

The listing of the primary underwriters in a securities offering. The major bracket appears immediately under the names of the issue's comanagers.
References in periodicals archive ?
The age bracket from 18-44 (Millennials and Gen Xers) represents a combined 27 million pet owners as of 2014, or almost 2 million more than the next major bracket (45-64, essentially Baby Boomers).
USBX partners leading the firm are former industry executives or major bracket senior investment bankers that have managed and negotiated over 500 transactions including engagements involving some of the most successful corporations and private equity groups in the world.
Hambrecht & Quist is a major bracket investment bank focused on emerging growth companies and growth-oriented investors.
As a syndicate member and major bracket underwriter, Schwab would be allocated a portion of both initial and secondary offerings for its customers.
Specifically, Schwab will be a syndicate member and major bracket underwriter of CSFB-led initial and secondary equity offerings.
Paul Hinterthur, EuroGas President, stated, "Oppenheimer is a leading major bracket investment bank that has demonstrated exceptional capabilities in financing and advising international oil and gas exploration and production companies.
The company's regular financial advisor, The Sillerman Companies, has been interviewing investment banking firms to participate in the financing of this transaction and has assured the company that a nationally recognized major bracket firm will be available to manage a public equity offering on behalf of the company.
His investment banking experience includes leading the Securities Group at Cowen & Company and serving as one of the team of early partners at Hambrecht & Quist responsible for positioning it as a major bracket firm.
Spraggins are known for being among the first women on Wall Street to reach the lofty levels of partner or managing director at major bracket firms.
Specifically, Schwab will be a syndicate member and major bracket underwriter of Morgan-led initial and secondary equity offerings.
To that end, the company is currently engaged in discussions with a number of major bracket investment banking firms that have expressed an interest in underwriting a public equity offering in the first quarter of 1996.

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