Lead arranger

(redirected from Book Running Manager)

Lead arranger

The senior tier of arranger

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.
References in periodicals archive ?
12 August 2014 - Financial services firm Leerink Partners LLC said it is acting as sole book running manager for a proposed initial public offering by Danish biopharmaceutical firm Forward Pharma A/S.
The acting lead book-running manager is Goldman, Sachs & Co, acting book running manager is Stifel Nicolaus & Company Incorporated and acting co-managers are Pacific Crest Securities LLC, BMO Capital Markets Corp, Needham & Company LLC and Raymond James & Associates Inc.
acted as the sole book running manager and EarlyBirdCapital, Inc.
is the lead underwriter and the sole book running manager of the offering.
Thomas Weisel Partners LLC is serving as the book running manager for the offering with CIBC World Markets serving as a co-lead manager and JMP Securities LLC as a co-manager.
The book running managers for this combined offering are UBS Investment Bank and RBC Capital Markets.
The acting lead book-running manager was Credit Suisse Securities (USA) LLC, acting book running managers were Barclays Capital Inc and JP Morgan Securities LLC and the acting co-managers were JMP Securities LLC and Keefe Bruyette & Woods Inc.
The joint book running managers for the offering are Merrill Lynch & Co.
The joint book running managers for this offering are Merrill Lynch & Co.
The joint book running managers for this combined offering are UBS Investment Bank and RBC Capital Markets.