managing underwriter

Managing underwriter

The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.

Lead Arranger

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 lead arranger 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 a syndicate manager or, less formally, a book runner.

managing underwriter

References in periodicals archive ?
Through the consistent underwriting and claims management provided by the managing underwriter, agents and insureds can rest assured that if one insurance carrier decides to discontinue coverage, another market is readily available.
As of today, we have recommenced market-making activities in those securities for which we acted as managing underwriter, and expect to resume full market-making activities early next week,'' said Kye Hellmers, vice chairman of the Boston Group, in a statement.
lead managing underwriter, as well as Lehman Brothers, Morgan Stanley, and Credit Suisse First Boston, each a co-managing underwriter.
In some cases, the virtual managing underwriter is getting exclusive Internet-access rights to the contracting insurance company.
In its fiscal year ended September 30, 2006, the Investment Banking Group experienced more than 50 percent growth in revenues over 2005, and served as managing underwriter or strategic advisor on 30 deals with a total value in excess of $3.
UBS Investment Bank was the lead managing underwriter for this offering and the sole bookrunning manager.
UBS Investment Bank is the lead managing underwriter for this offering and the sole bookrunning manager.
Copies of the Prospectus relating to the offering may be obtained from the managing underwriter.
23 /PRNewswire/ -- InterDigital Communications Corporation (AMEX: IDC) announced today that its proposed offering of 1,800,000 shares (plus up to an additional 270,000 shares to cover overallotments) of Convertible Exchangeable Preferred Stock, known as SEALS(TM) (Securities Enhancing Aftermarket Liquidity(TM)), trademarks of Prudential Securities Incorporated, is expected to be offered at a price of approximately $25 per share by Prudential Securities Incorporated, the managing underwriter.
Roth Capital Partners, LLC is acting as the lead managing underwriter of the offering.
JMP Securities LLC is serving as the lead managing underwriter of the offering with Flagstone Securities, LLC acting as co-manager.

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