selling group

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Selling group

All banks involved in selling or marketing a new issue of stock or bonds.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Selling Group

In an initial public offering or bond issue, a group of institutions who help the issuer place a new issue without necessarily participating in the underwriting group. This means they are not responsible for any unsold securities. The selling group therefore receives lower fees than the underwriters and is listed last on the tombstone. The specific agreement governing a selling group's duties in a new issue is called a selected dealer agreement.

More generally, a selling group may refer to all underwriters in a new issue, that is, every person and institution on the tombstone.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

selling group

A group of investment bankers that assists a syndicate or an underwriter in the sale of a new security issue but is not responsible for any unsold securities. Because members of a selling group do not assume the risk of syndicate members, their fees are correspondingly lower than the fees of the syndicate members. See also selected dealer agreement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The show is a spectacular celebration of the music of Frankie Valli and The Four Seasons, and promises to take the audience on a nostalgic musical journey through the career of one of the biggest selling groups of all times.
The show is a spectacular celebration of the music of Frankie Valli and The Four Seasons, and takes the audience on a nostalgic musical journey through the career of one of the biggest selling groups of all time.
Jersey Nights is a spectacular celebration of the music of Frankie Valli and The Four Seasons, and takes the audience on a nostalgic musical journey through the career of one of the biggest selling groups of all time.
The New Jersey outfit remains one of the biggest selling groups of all times with record sales topping 175 million and it's not difficult to see why.
The smash hit show is a spectacular celebration of Frankie Valli and The Four Seasons, taking the audience on a nostalgic musical journey through the career of one of the biggest selling groups of all time.
25, were made available to investors through Barclays and four selling groups with access to credit unions provided through ISI.
The specific sales forces of the management and selling groups that have been selected by the issuer utilize their client relationships to sell the bond issue, making it more important to carefully select a group of underwriters that possesses established relationships with retail investors.
The change, which combines the previously separate Retail Fresh and Retail Further Processing selling groups into one entity, is designed to unify the company's brand management and marketing focus at the retail level.
Thus, certain selling groups may escape the grasp of the loss disallowance rule.
03000 040 444 CARDIFF HOT THEATRE New Jersey Nights A spectacular celebration of the music of Frankie Valli and The Four Seasons, taking the audience on a nostalgic musical journey through the career of one of the biggest selling groups of all time.
It celebrates the music of Frankie Valli and The Four Seasons and takes the audience on a musical journey through the career of one of the biggest selling groups of all time.
The smash hit show, being performed in the Auditorium at the waterfront venue, is direct from the US and promises to take its audience on a nostalgic journey celebrating the greatest hits of one of the biggest selling groups of all time.