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 ?
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.
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.
Hambrecht & Quist is a major bracket investment bank focused on emerging growth companies and growth orientated investors.
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.
A respected veteran of several major bracket firms, Fraenkel is eagerly anticipating the challenges at Furman Selz.
We will expand into major brackets in negotiated and competitive sales.

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