Lead underwriter

Lead underwriter

The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues.

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.

lead underwriter

The main underwriter of a new security issue. The lead underwriter forms a distribution system to sell the security issue and is generally responsible for the largest part of the offering. Also called house of issue, managing underwriter.

Lead underwriter.

When a company wants to raise capital by selling securities to investors, it partners with an investment bank, known as the lead underwriter.

That bank has the primary responsibility for organizing and managing an initial public offering (IPO), a secondary stock offering, or a bond offering.

In the case of an IPO, the lead underwriter agrees to buy some or all the shares from the company and helps it determine an initial offering price for the security, create a prospectus, and organize a syndicate of other investment banks to help sell the securities to investors.

In return for assuming the financial risk of the IPO, the lead underwriter receives a fee, which is usually a percentage of the price of each share of the IPO.

References in periodicals archive ?
Bank of China Ltd is the lead underwriter and book runner for the bill offering.
Global Banking News-July 12, 2012--Barclays lead underwriter for iWatt IPO(C)2012 ENPublishing - http://www.
The IPO priced at the midpoint of the expected range of $14 to $16, which was set by lead underwriter JPMorgan Chase.
UBS Securities LLC is the lead underwriter of a syndicate that includes Merrill Lynch, Pierce Fenner & Smith Incorporated.
The lead underwriter established the IPO deadline of June 3, 1993 after consulting with senior Sears and Allstate management.
As lead underwriter, PMC assumes the risk of buying the securities from the RTC and selling them to investors.
China Development Bank has been appointed as the book-runner and lead underwriter for the offering and Industrial and Commercial Bank of China will be joint lead underwriter.
It has been the top global underwriter of debt and equity securities for the past five years, serving as lead underwriter of $193 billion in new securities issues worldwide in 1993.
Lead Underwriter Releases Market Standoff Restriction on Shares Issued in HandHeld Entertainment's February 2006 PIPE Transaction
02 billion, Morgan Keegan served as lead underwriter on more transactions for the state during the third quarter than any other firm in the country.
is the lead underwriter and remarketing agent for the Series 2006B-1 and Morgan Stanley is the lead underwriter and remarketing agent for the Series 2006B-2.
01 billion, Morgan Keegan served as lead underwriter on more transactions in Louisiana last year than any other firm in the country, a distinction held by the firm since 2002.