selling group

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Selling group

All banks involved in selling or marketing a new issue of stock or bonds.

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.

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.

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References in periodicals archive ?

25, were made available to investors through Barclays and four selling groups with access to credit unions provided through ISI.

CU broker-dealers cry foul on ISI legacy asset sales

Carey, where she managed relationships with the broker-dealers that were part of the CPA REIT selling groups.

American Realty Capital

Thus, certain selling groups may escape the grasp of the loss disallowance rule.

Loss waiver is important for consolidated groups subject to the loss disallowance rule

Jones added, "CastleOak's strong capital position, marquee client base of Fortune 500 and emerging growth companies, and strategic partnership with Cantor Fitzgerald have enabled us to win several mandates to co-manage corporate underwritings, participate in syndicates and selling groups, and advise on leveraged buyout and M&A deals in the six months since the firm received regulatory approval to underwrite debt and equity securities.

CastleOak Securities, L.P. Expands into Equities

Michael Golden, Pan American Chairman stated, "Without the diligence of the underwriters and selling groups the offering would not have been a success.

Pan American Bancorp Completes $9.5 Million Public Offering

Amphire Solutions is the leader in supply chain solutions which unite brokers, buying groups, distributors, operators, selling groups, and suppliers for more efficient and profitable supply chain operations.

McCabe's Quality Foods Adopts Amphire Access

Amphire Solutions is the leader in supply chain solutions which unite brokers, buying groups, distributors, operators, selling groups and suppliers for more efficient and profitable supply chain operations.

Bunzl to Implement Amphire's Complete Suite of eBusiness Solutions to Automate its Supply Chain and Drive Efficiencies

Amphire Solutions is the leader in supply chain solutions, which unite brokers, buying groups, distributors, operators, selling groups and suppliers for more efficient and profitable supply chain operations.

Amphire Announces Agreement with Waugh Foods, Inc

Funding Corporation utilizes selling groups of investment banks and dealer banks.

Federal Farm Credit Banks Funding Corporation Names Jamie B. Stewart New President and CEO

The Company does not anticipate incurring significant marketing costs as it intends to utilize channels of distribution, including joint-venture marketing partners, where the selling groups will be responsible for payment of their own sales and marketing expenses.

AquaCell Announces Return of Distribution Rights of Its Purific Water Cooler

Ferguson has been in the music/recording business since starting his musical career in the late 60's performing with the #1 selling groups "Christie" and "Unit 4 Plus 2".

Bongiovi Entertainment Names Tony Ferguson as Executive Vice President and Director of Artist Management

For media inquiries regarding Arrow North American Computer Products and its selling groups, e-mail Taft Matney at tmatney@expeng.

DSI Partners with Support Net; Support Net Will Provide DSI with IBM Hardware and Support

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